Is September's Economic Data Predicting a Recession?

October 06, 2016

Financial Expert and Nationally Syndicated Host Dan Celia Says Analysts Are Neglecting to See the Obvious When It Comes to Consumer Spending
 

PHILADELPHIA, Pa.—Now that the economic data has been released for September, it’s more of the same from the last four years, says financial expert Dan Celia, leader of Financial Issues Stewardship Ministry (FISM, www.financialissues.org). And Celia has gotten confirmation on some of the same concepts he’s discussed for many years.

“Bob Johnson, who is the Director of Economic Analysis for Morningstar, says, and I’m paraphrasing, that improvement in the economy lies squarely on the shoulders of consumers and consumer spending, which doesn’t look like it will get better any time soon. The bigger problem is that if this trend continues, it could obviously lead to recession next year.

“I’m certainly not the economic analyst for Morningstar—rather, the head of a ministry that focuses on biblical stewardship—but I’ve been talking about this data for some time,” Celia continued. “And the data indicates that, globally, the problem is nothing short of consumer spending. This is a global issue and continues to be the biggest problem facing developed economies around the world. The difference between America many others is that we are 71 percent dependent on consumer spending, while others are dependent on exports. The problem, of course, is that these countries must export to places where people and companies are spending money. And that is not happening.”

Is that why, Celia asks, that so many analysts have not focused on the biggest segment of the economy, instead looking for excuse in the world to say that the economy is improving while ignoring everything we are dependent upon?

“I do love hearing confirmation of matters on which we’ve been ahead of the curve, but it is frustrating to realize that some smart analysts are just beginning to figure this out,” Celia added. “Maybe this lies in their ideology or the temptation to look at everything but the obvious. Maybe it lies in looking too hard at the markets and believing the propaganda that the underlying fundamentals of the economy are strong. The only thing that has been strong is the desire of central banks and governments to intervene in the markets. Maybe the false positives they have created are not so positive after all.”

“Financial Issues” recently began streaming on its own YouTube Channel, Financial Issues with Dan Celia. The ministry also recently introduced the new Financial Issues app; learn more here. Besides more than 600 radio stations, “Financial Issues” is seen on the National Religious Broadcasters (NRB) television network, reaching 45 million households, BizTV, which reaches millions more in major markets, and Dove-TV in the Pacific Northwest. To view Celia’s recent show clips, click here.

Daily, Celia addresses important financial headlines, takes calls from around the country, and focuses on current economic trends and critical mass in corporate America. He accurately predicts rises and falls in the U.S. and global economies. He also hones in on godly financial stewardship when talking to thousands who want to honor God with their finances.

Celia also 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 are 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, its Facebook page, the YouTube channel, Financial Issues with Dan Celia or its Twitter feed, @financialissues.

 

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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 return America to its Judeo-Christian heritage and biblical values.


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