In the first half, economist specializing in demographics, Harry Dent discussed the cyclical nature of market bubbles and why he expects a crash to happen in 2017. He has tracked four different cycles over 30-year periods, concluding they're all headed downward, and "the next three years are going to be the most difficult in our lifetime, very similar to the early 1930s and the early-mid 1970s." However, because of the 'Trump Factor,' he is bullish short term, seeing one last market rally that will continue till around July. When the bubble finally crashes, the market will precipitously decline 40-45% within just a 2-3 month period, as it did recently in China in 2015, he warned.
Donald Trump has created an illusion that we can go back to a 1950s-style America with a big manufacturing base, Dent commented, plus trade wars and deporting millions of immigrants could lead to a deep recession. Commercial real estate will be hit particularly hard when layoffs start kicking in, he continued. Yet, at various points in the upcoming crash, Dent sees big opportunities for investors who get out of the market in time. He foresses incredible bargains with stocks to be had at 10, 20, or 30 cents on the dollar, and 40-50% off on real estate.
In the latter half, author Nick Redfern shared the lore and legends of cryptozoological and paranormal entities including Lizard Men, Bigfoot, the Loch Ness monster, Chupacabras, Mothman, the Mongolian Death Worm and more. A recent photo has emerged that resembles the winged humanoid creature Mothman, seen in the 1966-7 period in Point Pleasant, WV, though not much is known about the circumstances of the new image, he pointed out. Redfern characterized the various entities as being either undiscovered or extinct flesh and blood creatures, or weirder beings that seem to flit in and out of our reality.
In some cases, encounters with the entities can prove dangerous. In a book that Teddy Roosevelt wrote, he described a kind of homicidal Bigfoot (in an era before that term was coined) who was said to kill a hunter deep in the Pacific Northwest woods, and leave large tracks in the area, Redfern recounted. Regarding the bloodsucking Chupacabras, ranchers in Puerto Rico talked about their pigs and chickens being drained of blood, and even the SETI astronomer Frank Drake, who was working on the Arecibo telescope on the island, detailed reports of a strange figure, and a cow that was drained of blood. Redfern also mentioned the Aswang, a decaying zombie-esque humanoid that is said to consume blood in the Philippines.
Couldn't catch this episode of the show? Sign up for Coast Insider to listen at your leisure and never miss another program again!
Bumper music from Thursday January 05, 2017