Jeff Yastine originally received his education at the University of Florida where he studied journalism. He began his career in earnest in 1994 when he joined PBS as a correspondent on their financial broadcast The Nightly Business Report. He worked with them until 2010 and was rewarded with an Emmy nomination in 2007 for his journalistic work on a project investigating America’s system of infrastructure. Over the course of his career, he has had the opportunity to interview and interact with some of the world’s leading financial experts. In 2015 he joined Banyan Hill Publishing Company and became the chief editor of Total Wealth Insider. Today Jeff Yastine publishes his views on the economy and potential ways that Americans can profit from their investments. View Jeff’s profile on Linkedin.
Jeff Yastine has recently posted an article about his views on the current performance of the American stock market. He believes that in the short term the American stock market will continue to rise; however, there are some key indicators that this will change in the future. Jeff Yastine was one of the individuals who warned Americans about the bursting of the housing market in 2007. He has stated that it is obvious that Americans are not able to carry unlimited amounts of debt without burdening the American economy. In 2007 the excessive mortgage that carried by Americans led to one of the world’s strongest recessions in recent memory. Today there is a similar trend occurring in consumer debt however instead of the debt being in the form of mortgages this time around it is instead in the form of automobile loans, credit card debt, and a student loans.
According to the Federal Reserve Bank as of 2018 the total amount of consumer debt is over $13 trillion. This is the largest amount of debt that has ever been carried by the American consumers in history. Jeff does believe that the American stock market will continue to perform well in the short term however as delinquency rates are relatively low and the interest rates on these debts are also well.
This could change in the near future, however. If the Federal Reserve raises interest rates, then it could cause many Americans to begin to fall behind on their payments. If this occurs, we will have a perfect storm of economic conditions that resembles what occurred in 2007 in the housing market. For now, he simply recommends to begin investing in debt collection companies. Read more: https://kennedyaccounts.com/