Tuesday, January 3, 2012

Harry Dent on CNBC (Jan 3, 2012)

(Note: I recently  linked to a Bloomberg interview with Dent here.)
Demographics & The Jobs Number:
"2012 is the year that baby boomers get serious about saving and their spending slows down. We think the economy is going to slump ... the fed is fighting 92 million baby boomers. This is not a good trend for the economy. We get a 12-14 year downturn and we said 20 year ago that 2008 to 2023 would be the next extended downturn and it would be a depression."

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