The financial author and former student of Harvard companies, Harry Dent, speaks with Fox News Digital political indicators that could help trigger an economic recession.
The American economy risks going to the recession if President Donald Trump’s immigration program takes his most disruptive path, according to one of the most frank economists in America.
“That is to say, well, we should have fewer illegal immigrants, but to send people who are already there on the job market, contribute to the economy and think that it will not be felt, it will be,” said Harry Dent, who previously predicted the greatest crash of our life, told Fox News Digital.
“You have a overstimulated saving, then you will send [millions of] people who come out, which would probably reduce [gross domestic product] 1 to 1.5% just there, “it spread.” This only drops 2, 3.4% of GDP to literally throw yourself into the recession. So I’m just saying … it’s a bit malicious … a big trigger. “”
In January, the new Trump administration deported Nearly 38,000 peopleReported Reuters, such as internal security and immigration and customs application (ICE) are just beginning to contain what has been declared national emergency.
Trump’s post-electoral actions will not stop inevitable, economist Harry Dent warns
The application of southern borders – a Trump priority on the first day – has transmitted a goal of at least 1,200 to 1,500 arrests of illegal immigrants By day, a report published last month said.
Economist Harry Dent speaks to Fox News Digital about how the Trump’s immigration policies could affect the chances of recession. (Getty Images)
For practically two years, Dent predicted the “bubble of all bubbles” to be burst on the market, mainly due to the artificial stimulus which started to recover from the great recession and increased during the Biden administration, with 6.3 billions of dollars added to the deficit during its four years.
The economist still believes that a recession will be released from the economy in 2025, but now, the moment and the impact could be exacerbated by Trump’s immigration and tariff policies.
“I am not for illegal immigration, of course,” said tooth. “Many of these people have always been here, okay? And they have had children and stuff. So,, [it’s] It is good to trace the line now if they mean: “Everyone must be legal, and we make things a little easier and more rationalized”. It would be an excellent policy because we need immigrants. “”
“We [have] I have to obtain a clear immigration policy. But to suddenly return 2 million people, I think we are already part of the recession this year without it. It will get there faster, earlier, “he continued.” But most importantly, it will give the impression that whoever threw these prices and the one who returned these immigrants caused the recession. “”
The economist and former student of Harvard Business, Harry Dent, talks to Fox News Digital of the post-electoral rally on the market and why a second Trump administration will not be able to prevent a crash of a whole life ”.
The spokesman for the White House, Kush Desai, told Fox News Digital in response: “The invasion of illegal migrants that Joe Biden supervised costs the United States hundreds of billions of dollars-in addition to the incalculable losses suffered by the victims of migrant crimes like Laken Riley. What America cannot afford border and immigration laws, and the Trump administration is devoted to the first approach and to America.
Dent noted that America’s per capita GDP exceeds 82,000, which means that the country’s average economic production is 50% more than Canada and most of Europe. This makes the United States an attractive commercial environment for “the best people from other countries”.
“It only takes a drop of 2, 3, 4% of GDP to literally throw you into the recession. So I just say … It’s a bit malicious … a big trigger.”
“The United States is our secret sauce. From the start, we were new. The people who moved here were more innovative and had a lot of space to grow and innovate, and we are still attracting the best people from around the world to increase and develop our already the wealthiest people around the world,” he said.
“It is therefore a winning formula. Again, yes, get a clear policy, but do not essentially try to considerably delete immigration. We will stop growing.”
The border of the Trump administration, Tsar Tom Homan, says it is not planned to slow down ice raids after an alleged FBI flight, and details the last border repression issues a month in the 47th presidency.
“The aging of new generations causes increasing productivity and an increase in GDP and inflation of inflation at the same time. They are anti-inflation because productivity is the enemy of inflation. In the 1970s, [the] The highest inflation was fair when baby boomers cost school at school, and productivity was the lowest in 1% American history, “added tooth.
“Demography [are] Important immigrants are essential. And we are, friends, in a global economy … It is a winning formula and all developed countries will compete with the best immigrants in the world. “”
He has also blamed the “bureaucracy” for a poorly managed immigration system, saying that “it is everyone’s fault” for a wave of illegal passages in recent years.
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The financial author Harry Dent warns investors that it is a moment to be very careful about “Cavuto: Coast to Coast”.
“Let’s just say now:” Okay, let’s go faster, a easier path to legalization for illegals here. Let us ration our process of legalization and immigration “and … we should not have illegal immigration of any meaning in the future.
“These are triggers,” continued tooth. “But you do not stop a free market … References are not bad. They are like sleeping. We remain, rebalances, make dreams, solve problems, all types of things. Sleep is not a waste of time. References clean the economy of bad debts … which does not kill you stronger.
