Late last week, financial headlines surrounding the possibility of an impending global recession made for a wild week on Wall Street. CNBC asked, “The health of the global economy has been gnawing at investors, but does the U.S. have anything to worry about?” Dick Kovacevich, former Wells Fargo CEO, told CNBC that he doesn’t think so, adding, “The rest of the world does have issues; I don’t think they yet apply to the United States.”
Financial expert and national television and radio host Dan Celia begs to differ. In fact, he has a pretty long list to prove it. “We’re hearing an awful lot in the markets globally about a recession—that it could be we’re entering into a recession,” Celia told his listening audience on Friday. “Really? Folks, we’ve never been out of the recession. “These are the things that I said were going to come home to roost,” added Celia, who is also the leader of Financial Issues Stewardship Ministries (FISM, financialissues.org). “These are the economic numbers and false positives that are reality.” READ MORE
