I don’t know about you, but to me, that makes this recommendation an even more intriguing buy.https://t.co/MCvoEkOq2L#Consumer #Gains #AssetProtection #Retirement #Commodity #Money #Commodities #NaturalResources #Opportunity #Economy #Trading #Stocks #StockMarket pic.twitter.com/O9lR0pgIZg
— Jeff Yastine (@JeffYastineGuru) May 8, 2018
As the chief editor of Total Wealth Insider informal correspondent on the PBS publication The Nightly Business Report, Jeff Yastine has made a strong reputation for himself in the world of financial journalism and investment advice. Over the course of his career, Jeff Yastine has had the opportunity to interact and interview with some of the world’s leading experts on finance. This includes individuals such as Warren Buffett, Michael Dell, and Sir Richard Branson in addition to many others. He was one of the individuals who warned the country in 2007 just before the market crash that there would be difficulties in the real estate market. Visitkennedyaccounts.com to learn more.
He has recently commented on the current performance as well as the future performance of the American stock market and its relation to the ballooning consumer debt that is held by all Americans. Jeff Yastine believes that as far as the short term is concerned, the stock market will continue to rise; however, there are already indications that there will be difficulties in the future. According to analysts the amount of credit card debt that is held by Americans in 2018 is over $1 trillion. In 2017 nearly 100 billion was added to this balance alone. This is one of the largest increases in the total debt of the last 30 years. This is equivalent to every single American household carrying nearly $9000 worth of credit card debt on average.
Jeff Yastine has stated that it has already been shown that Americans are not able to carry unlimited amounts of debt without affecting the economy negatively. The last recession in 2007 was a direct result of excessive debt in the real estate industry. Today there is a similar situation occurring but instead of mortgage debt is being replaced by auto loans, credit cards, and student loans.
There are also rumors that the Federal Reserve will increase interest rates in the near future. If this occurs then the debt of Americans will only continue to grow. Jeff believes that as long as Americans are able to continue paying their bills without going delinquent in the stock market will continue to increase. If the interest rates are raised by the Federal Reserve, then this could change as Americans could potentially begin going delinquent on their accounts. He believes that if you are interested in profiting from this, you should invest in the stocks of debt collection companies. Learn more: https://forexvestor.com/total-wealth-insider-review