X22-The Economy Just Turned


X22Report: （The Economy Has Just Turned）

Currently, there are signs that similar to conditions before or leading up to 2008/2009 financial crisis:

-real estate market is slipping.  Traffic are started to slow.  Prices are coming down.  Interest rates are rising.

-Fed has been raising interest rates.  This is being done on purpose.   There is certain area （3%） when the rates hit, things are going to fall apart.   It will take another two or three more rate hikes when we are going to hit 3% around June 2019.   Meanwhile, things are continuing to fall apart each time the Fed raises rates.   

-To recap what happened  in the last financial crisis:    In 2005-2006, the Fed started to raise interest rates.   In the middle or end of 2006, they hit a certain target and started to drop rates in 2007 and the drop came down very fast.  But by that time, the economy already started to fall apart in the beginning of 2007, then it just got worse and worse as time went on.   It really started deteriorating fast in 2008.  

-So watch out for the 3% interest rates.  It will be the trigger in 2019 and things will crumble in 2020.


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