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— Jeff Yastine (@JeffYastineGuru) July 10, 2018
Ask Reporter recently published Rob McKinsey’s article “What Jeff Yastine Thinks of Consumer Debt and the Stock Market”. The article reveals that Jeff Yastine feels the debt bubble has yet to pop. The financial expert is concerned about the considerable consumer debt in the form of student loans, car loans, and credit card debt. The loans are going to create an impact on the stock market’s current rise. Americans have more than $1 trillion in debt on their credit cards, grown from $92 billion in 2017.
Yastine reveals that the large amount of mortgage debt which happened in 2007, will similarly happen for credit cards and student loans. The debt will keep growing, particularly if the Federal Reserve raises interest rates. Though Yatine thinks the stock prices will keep rising in the near future, it won’t last. The stock market may increase in value because of the rise in economic activity and recent tax cuts. Read this article at Medium.com
Yastine also believes that American’s are more overwhelmed by debt than they were a decade ago. In 2008, the consumer debt was around $12.68 trillion. By the end of 2017, it was more than $13,15 trillion. Though there are not as many people struggling to pay their mortgage rates as they were in 2008, the delinquency rates were much lower in 2017. Yastine reveals that as long as American’s keep paying off their debts, the debt bubble won’t burst.
Jeff Yastine was also featured in Stephen Ray’s Premier Gazette article titled “A Reckoning for Amazon? Financial Expert Jeff Yastine Explains”. The article reveals the opinion of the financial expert who is the editor of Total Wealth Insider. He focuses on providing education for current financial and investment trends. Yastine has experience in journalism as well as finance.
The article reveals that Amazon may lose its place as the lead in the market. The unchecked power of the e-commerce site may be at an end with the antitrust laws. The laws are meant to keep companies from creating unfair practices which allow them to become dominant in the market. Amazon has avoided the issue for a number of years. Bill Simon, the former CEO of Walmart has revealed that the practices of the company are predatory. Visit: https://hitechchronicle.com/2018/02/jeff-yastines-suggestions-for-investing-in-cybersecurity/