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 no later than next year, with late 2017 seeing the sharpest crash. According to his research, bubbles build exponentially, but they crash twice as fast, especially when it comes to stocks. Typically, half of the crash happens in the first two or three months, so if you wait to see if the market will reverse course, you can lose heavily, he remarked. He predicts this next crash will be worse than 2008, and the housing market will fall across the globe.
The first sign of the coming downturn of the market was the bubble crash in the Chinese stock market, and he sees Italy falling into a situation like Greece, with Europe unable to bail them out. This European crisis will presage America's tumble, he suggested. Dent has characterized this coming market crash as the deepest one in our lifetime, with $120 trillion disappearing. However, he views this as a needed economic reset and recommended that people get out of the stock market before the crash, so they can buy back in when the market is at its low point, and end up making a lot of money in the process.
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In the latter half, investigative researcher Paul Bartholomew spoke about Bigfoot and cryptozoological sightings in his native New York state, and the New England area. In 2004, he wrote and lobbied for legislation to create a protective habitat for Bigfoot or Sasquatch in his hometown of Whitehall, New York, which has had a long history of hairy bipedal creature sightings. While a body of a Bigfoot has never been found, there is strong evidence from castings, audio recordings of unexplained vocalizations, and eyewitness testimony of law enforcement officials, he cited. One such Whitehall officer, Dan Gordon, kept silent about his sighting for years, until he finally shared his account for several documentaries, even taking a polygraph test to show he was telling the truth, Bartholomew detailed.
In the 1976 Abair Road incident in Whitehall, a 7-ft. tall bipedal creature was seen by numerous witnesses, and investigated by a number of police officials. It was said to have red glowing eyes, and made a sound like a pig squealing or a woman screaming. Interestingly, at the same time, there was a UFO flap going on in the area and surrounding counties, including a UFO landing in Whitehall that left ground traces, he reported. There's also a paranormal aspect to some of the Bigfoot reports, he added, with some witnesses describing the creatures as disappearing in a flash of light.
News segment guests: Art Moore, Steve Kates, Clint Granberry