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The One Stock That Can Protect You From California's Unfolding Drought Disaster

If you live on the East Coast like we do, we’re betting you are paying only passing attention to the California drought.

That’s a mistake.

You see, we’re talking about a three-year water shortfall that is historic in scope.

And the potential implications are terrifying…

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    Is Harry Dent's Stock Market Crash Prediction as Crazy as it Seems?

    Declining Business
    Economic forecaster Harry Dent just made another dire prediction, and investors should hope he's wrong.

    Dent, bestselling author and financial newsletter writer, told CNBC Tuesday that he sees a stock market crash in the United States starting in the third quarter of 2013 and continuing for a year and a half.

    Dent said real estate prices and stocks would plummet more than 60% by the end of 2014, or sooner, meaning the Dow Jones Industrial Average would fall below 6,000. He also said the United States would be close to bankruptcy by then.

    Dent cited U.S. demographic shifts and the nation's debt crisis as the main drivers of a crash. He said had it not been for the U.S. Federal Reserve's recent moves to stimulate the economy, the stock market would already have collapsed.

    "We call this the economy in a coma," he said. "Basically, without these trillions of dollars of stimulus, we would be in a downturn, in a depression, because we also have $42 trillion in private debt, the greatest debt bubble in history, and that needs to unwind."

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