Jeff Yastine: Rising Debt and Its Potential Implications

Jeff Yastine has had an industrious career in the finance industry. Today he works for Banyan Hill Publishing Company and is the chief editor for Total Wealth Insider and investment publication that focuses on unique investment opportunities for its readers. Jeff Yastine first became well-known thanks to receiving an Emmy nomination for his work on PBS publication nightly business report. He worked on The Nightly Business Report as a financial journalist from 1994 until 2010. He has had the opportunity to speak directly with some of the world’s leading investment experts and has since gone on to utilize this knowledge and the creation of his own unique investment advice. He has published his views on the cybersecurity industry, blockchain, and even Amazon and its potential competitors. Follow Jeff on Twitter.

Recently Jeff Yastine has published his viewpoints on the rising debt that is around the world and how it could potentially signal an end to the recent bull market in international stock markets. During a recent financial conference report about consumer spending have led Jeff Yastine to raise concerns about the increasing level of household debt around America. In 2008 the total value of debt in the United States of America was at $12.68 million. Over the last ten years, the total level of debt held by Americans had it decreased significantly; however, it has recently passed 2008 high and hit 12.84 billion.

Jeff Yastine believes the most interesting aspect of the increase in debt is that the majority of it is non-housing debt. This means that the increase in debt is not due to mortgages but other debt factors such as car loans, college loans, and credit card debt. The vast majority of the debt held by Americans is still in the form of mortgages however there is definitely something to worry about from the increase in nonhousing debt. Read this article at Seeking Alpha

Recent economic reports have stated that over 62% of Americans have less than $1000 in their savings account. As the prices of other goods continue to increase such as oil, Jeff Yastine believes that the low level of American savings could lead to significant difficulties. Since Americans have low levels of savings, a significant increase in the price of something such as gasoline could lead to far wider effects than you may first believe. An increase in the price of gasoline could cause many Americans to miss payments on their debt, and this could spiral into further effects.

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