Harry Dent

2010-2012 will bring the worst economic and banking crisis since the early 1930s, worse than 2008.

“2010 to 2012 will bring on the greatest economic and banking crisis since the early 1930s”

Said on

27 February 2009 · Quoted from his book The Great Depression Ahead (published around January 2009) in an AP review; the sentence opens "If you thought 2008 was scary". Statement date is the AP article date.

Source

Financial Bookshelf: 'The Great Depression Ahead' · Associated Press (via ANU Link mailing list archive)

Should come true

2012

How sure they sounded

will (stated as fact)

Categories

EconomyBanking

Importance

4 of 5 · A banking crisis worse than 2008 would have major global consequences.

Outcome

Inaccurate

2010-2012 was part of the NBER's record June 2009-February 2020 US expansion, not a crisis worse than 2008. The eurozone debt crisis was serious but did not approach the 2008 banking collapse, so it does not satisfy "greatest since the early 1930s".

Evidence:

• https://talkbusiness.net/2020/06/nber-u-s-enters-recession-ending-longest-economic-expansion-in-u-s-history/