Q:

How accurate are Harry Dent's economic predictions?

A:

Quick Answer

Harry Dent's predictions are often inaccurate, according to reports by CBS News, AVA Investment Analytics and Barron's. While he has made some accurate predictions, he has also made many inaccurate predictions, some of which he later revised.

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Full Answer

Dent correctly predicted in the late 1980s that Japan's economy would enter a slowdown, and in the 1990s he correctly predicted that the Dow Jones industrial average would reach 10,000. However, in 2000 and 2004 he predicted that the Dow would reach 40,000 by 2010, which was incorrect. He revised his prediction in 2006, but was still inaccurate.

Dent has written several books on investing, including "The Roaring 2000s" and "The Great Depression Ahead."

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