Despite the Financial Issues, U.S. Economy Strongest Since WWII

Dan Celia: Even Amid Tensions  And Other Financial Issues Concerning U.S.-China Trade, Brexit, European Banking Sector and Middle East, U.S. Economy Strongest Since WWII

Financial Issues

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PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said this morning that a still-brewing but more optimistic U.S.-China trade war, Brexit worries, tensions among the banking sector, particularly in Germany and other parts of Europe, and continuing unrest in the Middle East are all creating uncertainty.

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“The global economy is teetering on a global recession,” Celia said. “In the midst of all this, Chairman and CEO of JPMorgan Chase Jamie Dimon recently spoke about the economy to ‘60 Minutes.’ Much to the left’s disappointment, he indicated that this is the most prosperous economy the world has ever seen. But it gets better. Diamond also indicated that it will continue for the next 100 years. We haven’t seen an economy like this in a very, very long time, and it basically hearkens back to the post-World War II era. There’s only been one global crisis that has impacted the economy like World War II, and that was the 1973 oil crisis, which pretty much set off a global recession. But it’s a lot different today.

Financial issues at stake

“It’s all about confidence,” Celia continued. “Consumer confidence is very high. The American consumer is driving this American economy, which stands to reason. That’s the way it’s supposed to be, since 70% of our economy is about consumer spending and consumer sentiment. Not only is consumer confidence high, one of the reasons it’s high is because consumer deficit to spending looks very good, and the prospects for their earnings continue to look better. It has been absolutely amazing. We’re in a very good position, and I go back to inventories of stocks. There just isn’t any, and that’s one reason we saw another all-time high on the Dow on Friday.”

Celia discusses these and other global and economic headlines on his daily, three-hour Financial Issues program, heard on more than 650 radio stations and several television networks nationwide.

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About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver