Financial Expert and National Radio and Television Host Dan Celia Says Markets Will Panic Today; News Ties to America’s Own Immigration PoliciesPHILADELPHIA, Pa.—Britain shocked the world overnight by voting to exit the European Union, after which Prime Minister David Cameron resigned his post in an emotional speech, according to the UK’s The Telegraph.
Financial expert and national radio and television host Dan Celia says the world can expect panicked markets today as a result.
“There will be some panic in the markets throughout the day,” said Celia, who leads Financial Issues Stewardship Ministries (FISM, www.financialissues.org) and hosts “Financial Issues.” “This exit was primarily precipitated by the vote swinging due to the attack in Germany. And this obviously had been a very unexpected geo-political event that certainly had an impact on the vote. It is a reminder of why all of this started in the first place—over immigration and concerns that Great Britain could lose its sovereignty over the rules and regulations imposed on them by Brussels.
“It is also a reminder to the United States of how immigration policy is so important, likely helping the Donald Trump campaign,” he continued. “My advice—take a deep breath and relax. There will be downside movement in the markets that will show up in portfolios, but this is not a time to panic, but rather, perhaps a buying opportunity in some areas. But it is certainly a time to wait it out. These scenarios are why I advise to keep large positions in cash, proving once again that during global economic uncertainty, it’s worth it.”
Celia added that this move in the long run will be positive for Britain. Others in the EU will certainly understand that this is a short-term setback. The bigger concern for the global markets is that now could mark the beginning of the end of the European Union, he said.
“This move by Britain is also proving to be one of the pivotal moments in the Trump campaign, exposing the dramatic differences between the Obama/Clinton teams and himself,” Celia added. “Obama is using the British exit as a time to wag a finger in their face, stating the UK will go to the queue when it comes to trade deals. Trump, on the other hand, is indicating that the UK is a great ally of America—as they always have been and always will be—and will be a No. 1 consideration for trade partnerships with America. From an economic standpoint, this is the kind of logical, commonsense and American free-market thinking that will be good for the American economy and the American people, as well as an example of strong leadership that has been missing from America for the past seven years.”
Celia has recently talked with Fox Business’ Neil Cavuto and Charles Payne about America’s struggling economy and shared the following insight on the Britain/EU news in these “Financial Issues” clip yesterday:Will Britain leave the EU? Is this good or bad for th Global Economy?
Daily, Celia addresses important financial headlines and takes calls from around the country on his radio and television program, “Financial Issues,” which airs on more than 600 radio stations. The program is also seen on the National Religious Broadcasters (NRB) television network, reaching 45 million households, and BizTV, which reaches millions more in major markets.
Celia focuses on financial stewardship every day when talking to thousands who want to honor God with their finances. He also often educates listeners and viewers about his stock “sell” list, encouraging those who strive to be biblically responsible with their investing to sell certain stocks based on the company’s involvement in immoral or anti-biblical issues, such as having stake in Planned Parenthood funding, pornography, same-sex marriage or other matters that should be concerning to Christians.
A financial expert and author backed by decades of financial experience, Celia is personally in touch with thousands of people each week from across the country. He has worked for 35 years as an entrepreneur and businessman, and has developed a biblically responsible system of financial management with great success. Celia started his radio program in 1997 and has interviewed newsmakers, experts, lawmakers and presidential candidates. He speaks at conferences, town hall meetings and investment conferences around the country, is the author of six books and publishes a weekly newsletter.
For more on Financial Issues Stewardship Ministries, visit its web site at www.financialissues.org, itsFacebook page, the YouTube channel, Financial Issues with Dan Celia or its Twitter feed, @financialissues.
###To interview Dan Celia of Financial Issues Stewardship Ministries, contact Jen Retallick, 610-584-1096, ext. 100, Media@HamiltonStrategies.com, or Deborah Hamilton at 215-815-7716 or 610-584-1096, ext. 102.
Dan Celia is president and CEO of Financial Issues Stewardship Ministries and host of the national syndicated radio talk program “Financial Issues,” heard daily on more than 600 stations across the country and in millions of homes through NRB-TV, BIZ-TV and others. FISM believes that only revival will transform America back to its Judeo-Christian heritage and biblical values.