23
June
Economist puts dent in optimism: bigger crash is coming
23 June 2009 ABC News
An international economic forecaster says another big crash lies ahead for global share and property markets within the next two years.
Harry Dent predicted the Japanese recession in the 1990s and also forecast the current global financial crisis.
He has told ABC News Breakfast that the Australian share market will continue to make gains during the next few months, before bottoming in about 2011.
"I'd say maybe the Australian All Ordinaries will get back up near 4,500, the Dow maybe close to 10,000," he said.
http://www.abc.net.au/news/stories/2009/06/22/2604466.htm?section=australia
