Expect ‘Seismic Change’ And Major Markets Sell-Off After Election – Mark Skousen
- Kitco NEWS
Former Vice-President Joe Biden is currently leading in the polls, two weeks before the election, and should the Democrats win, major changes will happen to legislation that could seriously hurt investors, according to Mark Skousen, editor-in-chief of Forecasts & Strategies. “I think you could have a seismic change on November 3rd that will cause investors to sell their stocks dramatically because if you’re going to raise the long-term capital gains rate…how many people have tremendous profits in technology stocks and gold stocks, why not take money off the table and sit and wait,” Skousen told Kitco News on the sidelines of the New Orleans Investment Conference. Skousen is the current Presidential Fellow at Chapman University, having formerly taught finance and economics at Columbia University and Columbia Business School. He was an analyst for the CIA and authored more than 25 books on economics.
0:45 – What a Biden win means for markets
2:35 – How markets telegraph the presidential winner
5:29 – Voter fraud
6:11 – Major changes post-election
9:00 – Trade wars and foreign policy
13:45 – Trump re-election, would anything be different?
15:17 – Economic growth and GDP