PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia believes the American consumer is smart and will handle the ongoing tariff battle with prudence. In fact, even with the steady economic expansion this year, American consumers have been conservative and very controlled in their spending, The Hill reports. “Tariffs continue to be at front and center,” Celia said. “Many believe that tariffs are a good idea. Some believe it’s not such a good idea. We know this much: shipping containers are piling up in both ports—in the California ports and in the China ports. I mentioned earlier this week during my interview with a radio network in California that everybody seems to lose sight of a couple of pivotal things, and one of those is the consumer here in the United States. We are incredibly flexible. We have a  long-standing track record of being [...]

PHILADELPHIA—Just Tuesday, and it’s already been a busy week economically, says nationally syndicated host and biblical investing authority Dan Celia. “We started off the week losing $1.1 trillion worth of market cap,” Celia said. “That’s never good, but at the same time, it is transitory. It is not something that will hold for a prolonged period of time. The rhetoric in China, very aggressive rhetoric, has been ramping up, basically saying, ‘Bring it on.’ The problem is, they seem to forget they need us far more than we need them. As a matter of fact, we don’t need them at all. We can move to Cambodia, Vietnam, Indonesia, South Korea and many other places that are clamoring to get our business. As a matter of fact, three to five years ago, apparel manufacturing already started moving out of China. That is likely to continue in the [...]