Tuesday, October 18, 2016

Potential Adverse Effect after the Presidential Elections

I started in the Real Estate Business in 1979. I have seen rates for mortgages go to 17% one time and seen the stock Market crash to. 

Now what I see and writing about on October 18, 2016, is no matter who wins the Election for president the following potential results looms right around the corner.

1) the stock market will crash once again. Current at 18,500 Dow Jones.
I see a little over 15,000 in near future.

2) Mortgage rates to 7% for 30 year fixed mortgages.

3)  Unrest with many citizens around the United States, including violence.

4) As we reach a low in America, a foreign Country will test us in some way or another.

5) Recession to hit in America.

This is my opinion, and  premonition of future events to potentially happen. I hope I am wrong of course, but things are setting up for something bad to happen in America after the Elections.
 

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