Rob McKinsey recently wrote the article “What Jeff Yastine Thinks of Consumer Debt and the Stock Market” which was published on the Ask Reporter website. The article reveals that Yastine believes the current state of debt in America is very similar to the 2007 housing crisis. Americans currently have more than $1 trillion in credit card debt. The numbers equate to nearly every household having more than $8,000 in credit card debt.
Yet Yastine reveals that American’s can’t keep increasing the number of their car loans, credit cards, and student debt. This would cause the market to react in a similar way to how it crashed in 2007 when the housing market fell through. Yastine reveals that though the stock prices continue to rise, it is unlikely to keep growing this steadily. Learn more about Jeff Yastine at investment.com
However, there are chances to make gains, as long as Americans keep paying their credit card bills, the market will avoid bursting the debt bubble. Yet, Jeff Yastine is concerned that the Federal Reserve will eventually begin to raise their interest rates, causing Americans to gain more debt.
Many have reported that the inflation has only been raised to 1.8% from 1.7% last year and have remained in the same range within the last six months. Jeff Yastine reveals that Debt collection stocks have been rising recently, particularly the PRA. The company buys non-performing loans from banks and it began to rise nearly 40% in the last year.
Jeff Yastine was also featured in the article published on Affiliate Dork titled “Banyan Hill Publishing Offers Investors Information they Won’t Get From Wall Street”. The article was written by Brandon Ferguson and details the careers editors of Banyan Hill Publishing. They have a variety of financial experts writing their newsletters. The website has more than 400,000 visitors daily.
Jeff Yastine is the editor of the Total Wealth Insider which focuses on helping investors create a more prosperous life. In the member’s only service, he reveals when people should buy and when they should sell because the market moves so quickly. He provides different newsletters such as the model portfolio, the monthly dispatch, the weekly podcast, and trade alerts. Learn more: https://forexvestor.com/total-wealth-insider-review