Harry Dent Jr. is an American financial newsletter writer and founder of investment firms. He writes about economic trends focused on generational consumer spending patterns and their impact on markets. His spending wave theory argues that spending increases as people raise children, peaks as children leave home, and then declines in later working years. Dent predicts a downturn in the economy and markets as baby boomers retire due to decreased spending. He has written several books on economic forecasts, though some critics argue his predictions are too simplistic and inaccurate.
Harry Dent Jr. is an American financial newsletter writer and founder of investment firms. He writes about economic trends focused on generational consumer spending patterns and their impact on markets. His spending wave theory argues that spending increases as people raise children, peaks as children leave home, and then declines in later working years. Dent predicts a downturn in the economy and markets as baby boomers retire due to decreased spending. He has written several books on economic forecasts, though some critics argue his predictions are too simplistic and inaccurate.
Harry Dent Jr. is an American financial newsletter writer and founder of investment firms. He writes about economic trends focused on generational consumer spending patterns and their impact on markets. His spending wave theory argues that spending increases as people raise children, peaks as children leave home, and then declines in later working years. Dent predicts a downturn in the economy and markets as baby boomers retire due to decreased spending. He has written several books on economic forecasts, though some critics argue his predictions are too simplistic and inaccurate.
Harry Dent Jr. is an American financial newsletter writer and founder of investment firms. He writes about economic trends focused on generational consumer spending patterns and their impact on markets. His spending wave theory argues that spending increases as people raise children, peaks as children leave home, and then declines in later working years. Dent predicts a downturn in the economy and markets as baby boomers retire due to decreased spending. He has written several books on economic forecasts, though some critics argue his predictions are too simplistic and inaccurate.
For his father the American political strategist, see
Harry S. Dent Sr.
Harry Shuler Dent Jr. (born May 12, 1953)[1] is
an American financial newsletter writer. His 2009 book, The Great Depression Ahead, appeared on the New York Times Bestseller List.
Biography
Dent, born in Columbia, South Carolina, is the son
of politician Harry S. Dent Sr.
Dent is the founder of HS Dent Investment
Management, an investment firm based in Tampa, Florida that advises, and markets, the Dent Strategic Portfolio Fund mutual fund. Dent is also the president and founder of the Dent Research and director of H.S. Dent Publishing.
Dent writes and markets an economic newsletter
that reviews the economy in the US and around the world by focusing on generational consumer spending patterns, as well as financial markets. He has written eleven books, two recent ones being bestsellers. His most recent book, The Sale of a Lifetime, was released in September 2016.
The basis of Dent's investment thesis, spending
wave theory,[2] is that consumer spending related to the generational formation of families has a profound effect on the market value of investments such as financial securities, real estate, and gold. Dent's spending wave theory posits that young adults spend little within the greater economy, and spending increases while they rear children. It peaks as children leave home and then slows during the last 15 years of working life (48–63). According to Dent, the decreased spending patterns of the current generation of US baby boomers entering retirement will cause a pronounced downturn in the greater macroeconomy and an associated decline in the value of financial markets. [citation needed]
Dent resides in San Juan, Puerto Rico.[3][4]
Forecasts and performance
Criticism
According to Gene Epstein of Barron's
Magazine, "Harry S. Dent Jr. knows how to sell books. But whether his stock-market strategies make sense—or money for investors—is another question."[12]
Jeffrey M. Laderman suggests in a Bloomberg
Businessweek article that, "Harry's explanation of the stock market is a simple one that resonates with investors"..."But is it too simple to explain something as complex as the stock market and the economy?"[13]
Larry Swedroe, writing for CBS Money Watch
asks, "Why do people listen to Harry Dent in light of his obvious inability to accurately predict the future?"[14]
Marketwatch Columnist Chuck Jaffe opines
that, tell "people what they want to hear, and they will flock to your door."[15]
Dent has made many incorrect predictions.[2]
Bibliography
Zero Hour: Turn the Greatest Political and
Financial Upheaval in Modern History to Your Advantage (2017)
The Sale of a Lifetime: How the Great Bubble
Bust of 2017 Can Make You Rich (2016)
The Demographic Cliff: How to Survive and
Prosper During the Great Deflation of 2014– 2019 (2014)