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Expect ‘seismic change’ and major markets sell-off after election – Mark Skousen

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Former Vice-President Joe Biden is currently leading in the polls, two weeks prior to the political election, as well as should the Democrats win, major changes will certainly happen to regulations that might seriously hurt capitalists, according to Mark Skousen, editor-in-chief of Forecasts & Techniques.

" I believe you can have a seismic modification on November 3rd that will trigger investors to market their supplies substantially since if you're mosting likely to raise the long-term resources gains rate … the number of individuals have incredible profits in technology supplies as well as gold supplies, why not take cash off the table and rest and wait," Skousen informed Kitco Information on the sidelines of the New Orleans Investment Seminar.

Skousen is the existing Presidential Other at Chapman University, having previously showed money and also business economics at Columbia College as well as Columbia Business Institution. He was an expert for the CIA as well as authored greater than 25 books on business economics.

0:45 – What a Biden win ways for markets
2:35 – Just how markets telegram the presidential victor
5:29 – Voter fraudulence
6:11 – Major changes post-election
9:00 – Profession battles and also foreign policy
13:45 – Trump re-election, would certainly anything be various?
15:17 – Financial growth as well as GDP

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Expect ‘seismic change’ and major markets sell-off after election – Mark Skousen

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

__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.