Nationally syndicated host and biblical investing authority Dan Celia said that even with the fluctuations in the markets this past week, he is staying true to his rationale that economic growth remains robust.
“The underlying fundamentals of the economy are still strong,” said Celia in comments shared with LifeZette, “even with the inverted yield curve, along with geo-political events and the negativity of the media trying to convince us that recession is on its way. [It’s as if they’re] hoping to create a self-fulfilling prophecy.”
“The last president who won re-election during a recession was Roosevelt,” continued Celia, “and the mainstream media are well aware that the only hope of transforming America by getting a socialist candidate elected will be a recession.”
“Make no mistake about it: If that happens, reformation will happen, and we will lose America — there will not be any going back.”
Celia is CEO and president of Financial Issues Stewardship Minstries (FISM), which stresses a biblically responsible system of financial management.
He has also written a number of op-eds for LifeZette over the past few years.
“Going back will be impossible,” Celia also said, “because in those four years most Americans will become more dependent upon our government out of necessity.”
He also said that “if we see 50 percent of the voting public, plus one more voter, in that position of dependence on the government, we will be doomed. A majority of the people will not vote out an administration that is responsible for their very existence. They will not vote out a government they depend on to sustain themselves.”
Many media outlets, Celia added, are working hard to convince investors that negativity is here to stay.
“Investors shouldn’t even consider making any fundamental changes in their portfolios in August or September, or even this year,” Celia added.
That’s similar to the media’s working to convince Americans that the growth in the markets during the Obama administration was real.
“During [Barack] Obama’s administration,” Celia explained, “there were no underlying fundamentals or no data that supported it — and even the small amount of data in support of the markets was irrational. Cheap money drove the day. Now we are seeing the opposite happening. My hope is that consumers and businesses will stay on course and react to the real data — not politics or the slant the media are portraying.”
“Investors shouldn’t even consider making any fundamental changes in their portfolios in August or September, or even this year,” Celia added importantly.
“Stay strong and focused on the long term, and wait until we begin to see the economic data start to turn in a negative direction before making any big moves.”
— Healthy Moms Mag (@cltalbert) August 14, 2019
Each weekday, Celia discusses these and other top global and economic issues on his three-hour “Financial Issues” program, which is heard on more than 650 radio stations and several television networks nationwide.