CW 754 FBF - An Interview with Harry Dent on his New York Times Bestselling Book “The Great Depression Ahead”
11/19/16 • 28 min
Harry S. Dent, Jr. is an American financial newsletter writer. His 2009 book, “The Great Depression Ahead”, appeared on the New York Times Bestseller List.
Harry S. Dent, Jr. is an American financial newsletter writer. His 2009 book, “The Great Depression Ahead”, appeared on the New York Times Bestseller List.
Previous Episode
CW 753 - Kenneth D. Campbell - The Real Estate Trusts, America’s Newest Billionaires and Watch that Rat Hole and Witness the REIT Revolution, ING Clarion Real Estate Securities, Realty Stock Review
Guest, Kenneth D. Campbell is the founding partner, managing director and former chairman of Investment Policy Committee and ING Clarion Real Estate Securities, Founder of Realty Stock Review which was the first investment newsletter on real estate investment trusts (REITs), co-author of the best selling and first full length book on REITs, The Real Estate Investment Trust: America’s Newest Billionaires and author of the new book, Watch that Rat Hole and Witness the REIT Revolution. Kenneth has a history of dealing with the financial elite and is considered an expert in this type of investment vehicle. .
Key Takeaways:[1:49] Depositions and the US Legal System are the closest thing to Hell in the civilized world.
Kenneth D. Campbell Guest Interview:[5:43] Eisenhower brought Real Estate Trusts to life in 1960 with the intention of receiving pass-through tax treatment on real estate.
[7:50] Wall Street became infatuated with the Mortgage REITs group.
[11:58] Currently, the stock market is exuberant on the future of the real estate market.
[12:54] Millennials want to live in cities with a broad range of services available to them and they prefer to rent and this is what is driving the apartment market.
[18:23] In the 1980’s, Kenneth D. Campbell hob nobbed with the financial elite including Carl Icahn, Michael Milken, Warren Buffet, etc.
[26:59] The IRS has just tightened the strings of spinning off real estate into REITs.
[29:20] Brexit will slow new construction in London for the next few years and NYC may get a lift in becoming the financial capital of the world.
[32:42] Kenneth believes real estate holds great value for people.
[35:08] How to find out more about Kenneth D. Campbell or sign up for his newsletter.
Mentioned in This Episode:Next Episode
CW 755 - James Dale Davidson - THE BREAKING POINT, Profit from the Coming Money Cataclysm
Jason’s guest James Dale Davidson is the co-founder of Agora Publishing, the Founder of the National Taxpayer’s Union, co-editor of Strategic Investment for the Sovereign Society and founder of Newsmax. He is the Author of the best selling books Blood in the Streets: Investment Profits in a World Gone Mad, The Sovereign Individual: Mastering the Transition to the Information Age, The Great Reckoning: Protecting Yourself in the Coming Depression and his new release, The Breaking Point: Profit from the Coming Money Cataclysm. Mr. Davidson foretells of an impending, marketplace disaster which will happen in this lifetime. He credits the Obamacare, Chinese ghost cities and fictitious capital. He shares this information because he believes it is important for people to understand what will happen so they can create a new life in a new environment.
Key Takeaways:James Dale Davidson Guest Interview:
[1:50] James Dale Davidson believes the current business model and social contract which supported it is kaput in the Western Civilization.
[6:27] Trump may have been voted in because of the life expectancy of middle-class white voters has dropped.
[9:43] What’s next for the economy under a Trump presidency?
[10:57] The Breaking Point looks at the symbiotic relationship between the drug companies and the food industry.
[14:49] The US needs someone with business savvy to improve the quality of decisions made in politics.
[18:30] Bernie Sanders reminds James Dale Davidson of Karl Marx.
[20:32] When fictitious capital is created it goes to people with collateral. These people can borrow money for almost nothing.
[27:56] Jason asks “Why not just kick the can down the road forever?” Mr. Davidson tells us why it’s not a good idea.
[31:52] The Chinese have used more cement from 2011-2013 on ghost cities than the US spent on cement in the entire 20th century.
[37:57] Most of the copper used by the Chinese came from Chile.
[41:18] The probability of a very severe crack-up, the biggest in history, will be coming in our lifetime.
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