Economic Turmoil is Coming! Michael Douville
Proverbs 9:9 Give instruction to a wise man, and he will be still wiser; teach a righteous man, and he will increase in learning.
Ecclesiastes 7:12 For the protection of wisdom is like the protection of money, and the advantage of knowledge is that wisdom preserves the life of him who has it.
Proverbs 22:3 The prudent see danger and take cover, but the simple keep going and suffer the consequences.
You will experience this only three times in your lifetime.
A recession is coming and has likely started. The “everything bubble” is beginning to pop. Third quarter is looking like it could be rough. Get ready, it is coming quickly.
What can you do to capitalize? Talk with your financial adviser.
Cash will be king! Liquidity is coming out of the system.
Housing sales are dropping! You will have the opportunity to buy homes at discounts not available since the Great Financial Crisis where we were buying homes below cost. It will be scary, you will not want to invest, but I will tell you when the time is right and Generational Wealth will be available.
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In the meantime, the direction of the Real Estate market is Down, similar to 2006. A Recession is imminent, possible a severe recession. Will a waterfall event happen?
Commercial Real Estate looks like it is going to take a beating. Office space is empty in major metropolitans.
Those who have investments in the Endangered Cities might consider speaking to their brokers; should you decide to keep your properties, the hold will be probably at least 5 years. You will do better in Florida, Texas, or Arizona, particularly here in Phoenix.
Prices in commodities are coming down.
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