{"id":51111,"date":"2017-12-26T10:35:20","date_gmt":"2017-12-26T15:35:20","guid":{"rendered":"http:\/\/thedisciplinedinvestor.com\/blog\/?p=51111"},"modified":"2017-12-31T11:56:29","modified_gmt":"2017-12-31T16:56:29","slug":"tdi-podcast-highlights-harry-dent-538","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2017\/12\/26\/tdi-podcast-highlights-harry-dent-538\/","title":{"rendered":"TDI Podcast Highlights: Harry Dent (#538)"},"content":{"rendered":"<p><strong>On TDI Episode 538 With Guest Harry Dent,\u00a0 We Discuss:<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-disciplined-investor\/id217999782\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"size-medium wp-image-257 alignright\" title=\"iTunes Subscribe\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2016\/12\/TDI_Itunes_Sidebar.png\" alt=\"\" \/><\/a><\/strong><\/p>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Bitcoin<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The Economy<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Harry Dent&#8217;s new book and his take on what is happening and what will happen in the markets<\/div><\/li>\n<\/ul>\n<hr \/>\n<p><strong>Listen To This Podcast:<\/strong><\/p>\n<div class=\"su-audio\" data-id=\"su_audio_player_69d2f72742b2b\" data-audio=\"https:\/\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode538.mp3\" data-swf=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/plugins\/shortcodes-ultimate\/vendor\/jplayer\/jplayer.swf\" data-autoplay=\"no\" data-loop=\"no\" style=\"max-width:60%\"><div id=\"su_audio_player_69d2f72742b2b\" class=\"jp-jplayer\"><\/div><div id=\"su_audio_player_69d2f72742b2b_container\" class=\"jp-audio\"><div class=\"jp-type-single\"><div class=\"jp-gui jp-interface\"><div class=\"jp-controls\"><span class=\"jp-play\"><\/span><span class=\"jp-pause\"><\/span><span class=\"jp-stop\"><\/span><span class=\"jp-mute\"><\/span><span class=\"jp-unmute\"><\/span><span class=\"jp-volume-max\"><\/span><\/div><div class=\"jp-progress\"><div class=\"jp-seek-bar\"><div class=\"jp-play-bar\"><\/div><\/div><\/div><div class=\"jp-volume-bar\"><div class=\"jp-volume-bar-value\"><\/div><\/div><div class=\"jp-current-time\"><\/div><div class=\"jp-duration\"><\/div><\/div><div class=\"jp-title\"><\/div><\/div><\/div><\/div>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/podcast-summary\/\" target=\"_blank\" rel=\"noopener\">Click HERE For More Podcasts<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><div class=\"su-button-center\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/submit_podcast_review\/\" class=\"su-button su-button-style-soft\" style=\"color:#ffffff;background-color:#1257ea;border-color:#0f46bc;border-radius:9px\" target=\"_self\"><span style=\"color:#ffffff;padding:8px 24px;font-size:18px;line-height:27px;border-color:#5a8af1;border-radius:9px;text-shadow:1px 0px 0px #9c9696\"><i class=\"sui sui-arrow-right\" style=\"font-size:18px;color:#FFFFFF\"><\/i> Submit a Podcast Review<\/span><\/a><\/div>\n<hr \/>\n<p><strong>Bitcoin:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Still seeing significant gains across most cryptocurrencies.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Coinbase opened up more than 500,000 accounts over just the last few weeks.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Bitcoin Futures are coming out through CBOE, CME and NASDAQ.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Watch out for the times that these trade as some of the contracts don\u2019t trade 24\/7 or even on the weekends.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Need to also be careful of the volatility, leverage and liquidity that is associated with these futures contracts.\u00a0 The CBOE contract will be equivalent to 1 Bitcoin and the CME contract will be equivalent to 5 Bitcoin.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> There has been mixed feelings as to whether or not the futures will cause the Bitcoin positions to continue higher or to look for a crash.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Institutional players may be able to now utilize these on a reputable market and thus pushing it higher.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The other side is that Bitcoin really can\u2019t be shorted in the U.S. and futures would allow that ability which could cause some short selling.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Check out the <strong><a href=\"http:\/\/www.triggercharts.com\/triggercharts-bitcoin-ace\/\" target=\"_blank\" rel=\"noopener\">BitCoin Ace Indicator<\/a><\/strong> if you are a TradeStation subscriber to help you make trading decisions on these new products as well as the index.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<p><strong>Economics:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Not much has changed and everything still seems to be healthy.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Manufacturing and Employment remains strong.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Slight tick down in ISM Services, but still a strong data point.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Things that could unhinge economics:\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The Tax Proposal \u2013 What will make the final cut and how will the markets \/ economy be impacted by the various changes\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Emerging markets may get hit with the tax proposal should repatriation be welcomed by Corporate America. They would essentially be moving lots of money and investments back to the U.S. and thus removing from these from emerging markets.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<p><strong>A Friendly Reminder:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Make sure if you are over 70.5 years of age that you are taking your required minimum distribution from your IRAs prior to the end of the year.<\/li>\n<\/ul>\n<\/div>\n<p><strong>A Discussion with Harry Dent:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Zero Hour \u2013 Harry Dent&#8217;s new book that is out.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Predicting time frames and prognosticating has become extremely difficult due to government and monetary policy intervention.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Natural demographic trends continue to deteriorate.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The U.S. is the best house in a bad neighborhood.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> After this stimulus wears off, we are going to see a crash worse than that of 2008.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Harry is equating this to cocaine addiction. Markets are running high and hot, but eventually the drugs catch up to you and the hangover is far longer and more detrimental than the high that it previously gave you.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Biggest bubble Harry is seeing is Bitcoin.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Best comparison is internet stocks from 1998 \u2013 2000. They increased by 8-9 times over that period but then crashed by more than 80-90% with some going bankrupt.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Bitcoin is going to crash 90% or more according to Harry.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Gains in stocks have really only been gaining performance through corporations buying back their stock.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> What is the cue for the crash:\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Believes that once the U.S. Federal Reserve, Europe and Japan start pulling back on stimulus and tightening, this will be the cue for the crash.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> However, Trump\u2019s tax plan will continue to prop up the markets as well.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> And so on, and so forth until the medicine runs out.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> We are coming to the point where the government can no longer keep propping up the market and that is the point of Harry\u2019s new book Zero Hour.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Believes we are getting to the point of such a large disconnect between political parties that nothing will get done. We may end up splitting into a Red and Blue America.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Doesn\u2019t believe there is any way we can get back to 4-6% growth ever again. Workforce is retiring and demographics are deteriorating.<\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On TDI Episode 538 With Guest Harry Dent,  We Discuss:<\/p>\n<p>    Bitcoin, The Economy, Harry Dent\u2019s new book and his take on what is happening and what will happen in the markets and more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":50980,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[510],"tags":[511],"class_list":["post-51111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogandupdates","tag-podcast-highlights","et-has-post-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/51111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=51111"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/51111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media\/50980"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=51111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=51111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=51111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}