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 Junk Bonds Surge Amid Broad Market Rally and Investor Optimism READ MORE Gold Recovers After Fed Decision Golds Interest Rates Steady READ MORE Gold Hits New Heights, Eyes $2,200 Milestone Amid Rate Cut Speculation READ MORE Dollar Rallies After Volatile Week; Yen Hovers Near Historic Lows READ MORE What is a Troy Ounce? READ MORE Add a Comment Cancel replyYour email address will not be published.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