PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discusses the truth about China’s economy.
“All the markets closed in negative territory on Tuesday. The Dow was up over a hundred points until the end of the day, when it started to drop back a little bit. Apparently there’s an enormous amount of enthusiasm and optimism over the U.S. economy. They’re expecting a 10% GDP growth. One headline indicated that the U.S. economy was on fire.
“A very similar headline by the same organization was talking about China’s economy being on fire—they don’t say Communist China; it’s not politically correct. Now we are seeing evidence that that’s not the case at all. China’s economy is struggling dramatically. Could it possibly be that the Communist regime lied? Oh, my word, they wouldn’t do that, would they? They would, and they did. They have never told the truth.
“China is exporting less oil. OPEC is starting to panic a little bit, trying to knock heads with Russia. Russia wants to keep the pressure on OPEC which is now saying, “I’m not so sure we should have ramped up production quite yet,” but they were drinking the Kool-Aid of optimism in the global economy, which is really non-existent. You cannot have a global economy where China is thriving and every other country is struggling. It doesn’t add up. It doesn’t work. And in fact, it hasn’t.”
Dan Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
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