"Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with.
“Generally speaking,” says Mahboubi, “Babyboomers and their children fare well in this scenario, but the grandkids of babyboomers do not.”
Panama is the number one choice for people wishing to retire overseas while the Dominican Republic, Italy’s Abruzzo, and Cuenca, Ecuador also offer real estate properties at ‘bargain’ prices.
The creation of a megabank could happen again, as there are still thousands of banks operating across the U.S., he said.
BNY Mellon's Lockwood issues Investment Insights for the first quarter, expects slowing, but steady economic growth
Global political uncertainty, from trade wars and growing protectionism to Brexit, will continue in 2019