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Crystal Ball Predictions

Have you ever wanted to be able to see the future? Of course, who wouldn’t want that. What if I told you I could predict the future, and even teach you how to do it as well. There’s a secret to being able to track the cycles of the economy, that will essentially predict the future. We’ve talked before about the economic changes that happen with the generational changes, and that’s exactly what you should follow to be able to get ahead. Back with the Baby Boomers (born 1946-1965), they are responsible for the largest economic boom on record. Everything they touched prospered. With 78 million people in the Baby Boomer generation, they outnumbered their parents in the Silent Generation (born 1925-1945) by 18 million, causing the huge economic boom of between 1986 and 2006. People are in their prime for consumption between 40 and 60 years old, as they are trying to support families and prepare for retirement, and you can clearly see that the economic boom occurred as the Baby Boomer Generation was turning 40. The Baby Boomers started consuming at a rate like no one had ever seen, simply because there were so many of them. As we reached 2006 and 2007, and the Baby Boomers stopped consuming at such a fast rate, the economy suffered, because with only 45 million members, Generation X (born 1965-1983) could not keep up. But even as the economy slowed, Gen X was still trying to consume and they were trying to provide for their kids, the Millennials (born 1983-2004). The Millennials are the largest generation to date, with 87 million members. This is almost double Gen X, and is going to create a huge boom, as they start reaching their 40s. This is the prediction I am making, our economy will continue to be slow until 2021, when the Millennials start into their prime consumption. The mortgage industry is going to stay strong, as the rates stay at all time lows. You need to invest in real estate now, because 2021 is not going to be a good time for that, the properties will be too expensive. And my final prediction is that the Stock Market is not a good investment right now, because we are due for a correction that will cause people to lose money. Those are my predictions, let’s see how many of them come to pass…

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About Jay Garvens

Standing at the intersection of our local real estate market and the nationwide financial industry, Jay Garvens gives you the complete picture of every story affecting today's mortgage market! From personal finances to the political decisions moving markets, tune in for a weekend dose of straight talk from Colorado's most candid mortgage industry commentator! Honest, unbiased, and always unpredictable, Jay explores every facet of today's mortgage industry with an approach that's refreshingly blunt and enormously entertaining!

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