The United States “currency, stock
market and real estate markets are showing clear signs of progress” states Liaquat
Mian of LJM
Developments. The global market as a whole is still a precarious
place to be, but on the whole, the North American region is stable and on
track to become a bull market by June of next
year.
The
US is seeing signs consistent with a recovery, posits Mian, if you look at all
three major financial and economic indicators; currency, real estate and the
stock markets. The US dollar has rebounded globally showing strong growth
against many major currencies including the Euro, Yen and the Pound. The stock
market has experienced fluctuations and will continue to do so, Mian believes
until after the Dow Jones breaks through the 18,000 mark. Even though the
housing and real estate sectors looked slow to respond in 2014, part of the
delayed reaction is due to the slow start to job growth, but underlying
pressures of built up demand and lower
inventory will gradually show through in 2015. On the whole, Canada and the US
should expect a healthy period of growth through 2015.
However,
the rest of the world is still on unstable ground. “It is obvious to many that
the unrest in places like the Middle East, the Ebola crisis in Africa, and the
changing leadership in South American countries is driving uncertainty in
emerging markets,” says Liaquat.
Even
in areas like Dubai, a metropolis that has a healthy investment environment,
investors are looking for safer markets to invest into - with a projected $175
billion USD available for investment and almost one-third slated for the North
American real estate market. Part of this is because the underlying
fundamentals of the Dubai market are expected to
cause a recession and downturn by 2016, postulates Mian.
In
currency and interest rate markets, Mian projects the US dollar to remain
strong, the Euro to drop below $1.30 USD, Canadian and Australian dollars to
remain stable where they are, and the Sterling to rise to $1.60 USD, making a
small gain. In most western markets, interest rates will continue to remain
where they are through 2020, in order to assure the recovery.
Mian
believes that market fundamentals show the path for investors lay in the North
American market through 2015, in stocks and real estate.
Disclaimer
The
opinions stated in this article are those solely of Mr. Liaquat Mian, and do
not represent financial or investment advice, and may not represent L JM
developments. Individuals must seek independent qualified financial advice from
a licensed financial services provider before making any investments. Opinions,
predictions, and forward looking statements in this article should not be used
for making financial decisions or investments. Investors must be aware of the
risks involved in making investments and must seek professional advice.
