Financial Advisor Dennis Tubbergen Talks About the Instability of the World Economy
Grand Rapids, MI -- (SBWire) -- 02/03/2014 --Financial advisor Dennis Tubbergen is always looking at the latest U.S. and world happenings and passing it on to us as general financial news. Tubbergen, who is a financial advisor, author, radio show host and CEO of PLP Advisors, LLC hosts a weekly radio show and writes a blog that can be viewed at www.dennistubbergen.com.
If you think the world economy is well on its way to a full recovery, you might want to think twice about that. On January 24, 2014 Tubbergen's blog was titled Barclays Chief: World Economy Not Safe Until 2020.
"Barclay’s Chief Antony Jenkins, speaking in Davos, stated his view that the world economy will not be safe from another financial crisis until 2020," began Tubbergen. "From my perspective that time frame is about right. Given nosebleed private sector debt levels and unfavorable demographics, I don’t foresee a solid economic recovery until 2020 to 2023. As debt is purged from the system, there will be a lot of stress on financial institutions."
The link to the article is on his website, as is the link for the story below.
The Telegraph reported U.S. Treasury Secretary Jack Lew has requested Congress act quickly to raise the debt limit," warned Tubbergen. "The Secretary projected the U.S .could run out of money as soon as late next month without congressional action."
Over the past few years, Tubbergen has sometimes quoted Mohammad El-Erian, chief executive at PIMCO,
"Mr. El-Erian has abruptly left the company," stated Tubbergen. "While no reason was given for his departure, my take is Mr. El-Erian knows the long bull market run in bonds has ended." Read the whole story from Tubbergen's website.
"Bloomberg dropped the United States from number two on the list of most business friendly countries to number three," noted Tubbergen. "Who is the new number two? Canada."
Italian banks are feeling the symptoms of economic winter.
"Eighteen percent of consumer loans are non-performing and banks will likely need more capital to stay afloat," warned Tubbergen. "Look for this story to repeat itself many times over the next few years."
To get the links to all of these fascinating articles, go to http://www.dennistubbergen.com and select his January 24, 2014 entry.
Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM. To listen to his shows as podcasts go to www.everythingfinancialradio.com
About Dennis Tubbergen
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of PLP Advisors, LLC and has an online blog that can be read at www.dennistubbergen.com.
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