Meanwhile Here at Home, Democrats Continue to Try to Run Down Economy With ‘Baseless Rhetoric’ as Trump Works on Debt Ceiling Agreement
PHILADELPHIA—News broke this morning that Boris Johnson had won the race to succeed Theresa May as the British Prime Minister. And nationally syndicated host and biblical investing authority Dan Celia says Johnson’s election could have a “huge impact across the global markets and the geopolitical landscape.”
“The former foreign secretary and mayor of London has swept the Conservative Party leadership and will likely be in office by Wednesday,” Celia said. “Of course, the question is: Could he continue on this road of leaving the EU without any deal? Some are thinking this could be a mistake, while closely watching how his cabinet is made up. Either way, I believe we will continue to see a good relationship between the U.K. and the U.S. administration. It will be interesting to see how the U.K. reacts to the oil tanker crisis with Iran by the end of the week.”
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The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
Here in the U.S., Celia added, Democrat presidential hopeful Elizabeth Warren is warning the nation of a coming economic crisis, citing consumer debt, corporate debt and manufacturing recession.
“We are seeing more clueless untrue rhetoric coming out of the Democrats,” Celia added, “and all we can hope for is that the Democrats continue to try to run down this economy with baseless rhetoric. Obviously, this is a good thing for Republicans, as the American people know better than anyone that the economy remains strong. Along those lines, President Trump has reached a two-year debt ceiling agreement. Wait a minute—a debt ceiling and spending agreement with Congress? It’s expected to be voted on soon, but the biggest problem is that the spending will continue to roll on, and I believe there’s still a bit too much dependence upon growth taking care of our national debt problem.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about more than 650 radio stations and several television networks nationwide.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.