In 1997 and again in 2002, he published books like Rich Dad Poor Dad where he predicted the crash of 2008 being a smaller crash and then the major crash being in 2016.Īre you starting to notice a trend? 8 year cycles? History repeats itself and so the question is more, what is going to be the catalyst to cause the global economy to slump. Robert Kiyosaki, in his book Second Chance (which I highly recommend) talks at length about about market cycles, but most importantly the economic and political forces behind them. He believed it was actually 2024 where the governments of the world would not be able to print their way out of the crisis. He believed that 2016 was going to be a very tough year, but the governments would create more debt and get through. Having had lunch with Jim Rogers twice, one of the most recognized businessmen globally, he explained how markets move in 8 year cycles. The term "tulip mania" is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values. It is generally considered the first recorded speculative bubble (or economic bubble ), although some researchers have noted that the Kipper- und Wipperzeit episode in 1619–22, a Europe-wide chain of debasement of the metal content of coins to fund warfare, featured mania-like similarities to a bubble. Īt the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Tulip mania or tulipomania ( Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. You need a system to make the correct decisionsįor many centuries economies have risen and fallen, there have been bubbles and busts, bull markets and bear markets, buyer’s markets and sellers markets, etc.Well from my experience of investing in global real estate markets for 17 years and being the author of Property Going Global, the authority on international property investment, it comes back to 5 things: Here is a recording of the webinar I did. The bottom line is no one knows! This is unprecedented and has not happened before.įirstly get the facts. My business partner Dr Dolf de Roos, author of New York Times Bestseller Real Estate Riches, has a great saying, “Statistics are a bunch of numbers looking for an argument.” I believe that this sums up many of these commentator’s reports. The people who write the articles have a vested interest in proving why their markets are going to benefit from Brexit. I have also been fascinated how strong the arguments have been written by some that Brexit means that US property will be good, or that there will be great opportunities in the UK by others, or why it is good for emerging markets, like South Africa, etc. I have been fascinated over the last week about all the commentaries about Brexit and whether real estate was going to go up or down.