Weekly Update:

Good morning!

Some things we find are certain, and other things are uncertain. For example, the Brexit battle is the headline news this morning, which is uncertainty.

On the certainty side, we know that Oil prices caused the 1979 recession, and interest rates caused the 1983 recession. Financial institution failure lead to the 1990 recession whereas equity prices caused the 2000 recession. The mortgage and housing bubble was the cause of the 2008 recession.

What is uncertain is what the reason will be if we go into recession within the next year. Given all of the aforementioned issues that are to blame for previous recessions, is there another unforeseen issue that may cause a recession now? Hindsight is a great tool, but we do not see one today. Therefore we see a slowdown, but not a recession.

Contact your MFA advisor to discuss ways to succeed in this volatile market. All of us at McQueen Financial are dedicated to your long-term success.

Have a great week.

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