U.S. Markets Remain Somewhat Steady Amid News of Tumultuous Happenings Globally
Dan Celia: Potential Agreement on Border Security, Resumed International Trade Talks and a Possible Infrastructure Bill Could All Be Shots in the Arm for the Economy
PHILADELPHIA—Nationally syndicated host and biblical stewardship authority Dan Celia says that many of the headlines coming from the European Union are mostly in and around financials and banks—and the news is not good.
“Maybe I’m the only one still concerned, but certainly none of the issues with Deutsche Bank have been worked out,” Celia said. “None of the issues with Italy’s banking system have been worked out. Spain and Portugal are still in trouble, and we saw news yesterday on everything from restructuring to potential debt crisis in financial companies, banks and, yes, some industrial corporations. But right now, it looks like markets are flashing caution, particularly in the Eurozone and Asia. We continue to see strong fundamentals of the economy though slowing, and there could be some weakening on the horizon. There is some enthusiasm and optimism building with the notion that Democrats may be getting a bit more conciliatory to a wall or border security. What a quick turnabout. Could it have anything to do with the CBS poll that found that 72 percent of those who watched the State of the Union speech agreed with the president on border security?
“Of course, that’s the reason!” he continued. “One way or another, it looks like we may be getting closer—not only to securing our borders, but allowing us to move on to other things, like trade with the Eurozone and Japan, along with solidifying any compromises made with China and maybe even moving onto an infrastructure bill that would be another shot in the arm for the economy. The question is, when the Democrats realize this, will they really want to do it? But nonetheless, a step closer would be a good thing for the economy.
“The energy sector seems to be holding up well under the problem of low demand but concerns in the financial sector globally will reach our shores,” Celia added. “One of the biggest concerns we will face is not only is global growth slowing significantly, but central banks around the world have no ammunition to consider for any stimulus.”
Celia discusses these and other global and economic headlines on his daily, three-hour program, “Financial Issues,” heard on about 650 television and radio stations nationwide and reaching millions more on several television networks. Through the program, writing and daily interactions, Celia, who leads Financial Issues Stewardship Ministries (FISM, www.FinancialIssues.org), has helped people of faith honor God with their finances and be free from a fear of money.
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.