Foreign financial markets commercial real estate economist Dr. Mark Dotzour SVN economy recession interest rates Fed 10-year Treasury Janet Yellen, President Obama Bank of Japan Haruhiko Kuroda REIT self-storage, apartments Apple single-family home construction - Europe, China and Japan will be printing money with little result
- Emerging markets will experience inflation and recession
- No American inflation until the year after oil prices bottom out
- A couple of meaningless rate hikes by the Fed
- Low GDP—about 2%
- Mortgage rates below 4%—unlikely to go above 4.5% this year
- Home price increases to continue
- Foreign currency values will continue to fall, reducing purchase of US real estate from Russia, Canada and Mexico
- New federal transparency rules on cash purchases (FIRPTA) will reduce foreign buying demands in the US
- The stock market could decline like in October 1987, reducing spending in the US and producing a lack of liquidity in the bond market
- The Black Swan: Putin will get tired of $36-per-barrel oil and blow up oil production in Iraq and Libya.
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