Dent was one of the pioneers in using demographic data to forecast stock market returns. He's now predicting a crash in 2012 with the S&P falling 30-50%. While this interview is worth listening to, I would not take Dent too seriously. He has called great booms and great crashes before and apparently understands that the best way to get the media's attention is via out-sized predictions. Dent also managed a mutual fund which generated poor returns.
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