Thu, 2 April 2015
For today's Solomon Success lesson, we talk about economic cycles and how it affects our wealth. Jason brings on Harry Dent, a three time guest, to talk about some of the tell-tell signs that an economic disaster is about to hit. Harry Dent talks about demographic patterns, China's ghost cities, Japan's debt problem and aging population, and much more on today's Solomon Success show.
1:00 – Today's lesson is about economic cycles.
5:20 – Every bubble has taken us higher and every crash has taken us lower.
11:05 – When young people can't afford the real estate anymore, the bubble is over.
12:00 – Harry talks about the gold bubble and some of his predictions.
17:10 – The stimulus is getting less and less effective.
25:15 – The Chinese who moved from rural areas to urban areas in China are almost treated like immigrants and not considered citizens.
29:10 – Harry talks about Japan's debt problem.
32:40 – The US is a strong economic group and tends not to fall off a steep cliff as fast as Asia and certain European countries do.
Mentioned In This Episode:
The Demographic Cliff by Harry Dent