Tagged: Loan Default
Next will be a large Stock Market Rally back UP. I’ll call it the Sucker Rally.
From now till sometime in Feb or March of 2019 the US Stock Markets will Rally Back UP. May even just maybe make new Highs, though I doubt it.
Then the US Central Bank will raise Interest Rates one more time. Within 30 days of the Interest Rate Hike will come a Major Stock Market Correction – aka CRASH.
Beware the Ides of March 2019.
Stock prices will continue their spiral downwards. Later in 2019 a deep Recession will start in Europe and North America. By 2020 it will have spread around the Globe.
Businesses will be unable to renew their massive debt, same for Retailers. Both groups will see a rise in Bank Loan Defaults. Many will close their doors forever. Job losses will mount.
Chart courtesy of the Online Stock Trading Guide
Homeowners will walk away from their homes, as home prices fall in North America. Their mortgage would be way higher than the value of the house. Mortgage Foreclosures will rise in 2019.
The Recession will deepen into a World Wide Depression along the lines of 1930s.