Economist Predicts U.S. Recession, Calls for Immediate 'Debt Detox' Economist Harry Dent warns of an impending U.S. recession due to high levels of national debt and financial mismanagement. In a recent interview, Dent called for a necessary “debt detox” to navigate out of the current financial bubble and onto a path toward economic growth, referencing the massive $27 trillion in accumulated debt and deficits since the 2008 financial crisis. He criticized the excessive economic stimuli, particularly during the COVID pandemic, as misguided efforts that have exacerbated the debt situation. Dent forecasts that millennials will drive significant spending from 2024 to 2037, but stresses that current debt levels must be addressed to prevent further economic downturns. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Goolsbee Says Central Bank Will 'Fix' the Economy READ MORE Recession Mentions in Earnings Calls Fall as Economic Outlook Improves READ MORE China's Gold Demand Lags Behind Global Trends in August READ MORE Global Recession Unlikely, Says IMF's Top Economist READ MORE WGC: Gold Market Commentary: Higher-for-longer: Inflation not growth READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment