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.”
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator 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.
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