Grand Rapids, MI -- (ReleaseWire) -- 02/14/2014 -- Too busy to stay on top of recent events in the world's economy? You may want to find out what Dennis Tubbergen sees as possibly the next big financial problem.
Tubbergen is a financial advisor, author, radio show host and CEO of PLP Advisors, LLC. He gives brief updates when it comes to some of the latest significant events in U.S. and world economics and politics and how these events may impact the average American. Whether people enjoy his weekly radio show or his blog at www.dennistubbergen.com, Tubbergen can be counted on to share his viewpoints and opinions. On January 27, 2014 his blog was titled Deflation Imminent?
“CNN Money reported the International Monetary Fund is warning deflation could emerge in 2014 since inflation rates globally are already very low," began Tubbergen. "I’ve been stating for many years deflation is imminent given the massive levels of debt that exist in the private sector. Central banks around the world have been able to stave off deflation through very accommodative monetary policies; however, it won’t be possible to avoid deflation forever."
According to Tubbergen while the “what” is far easier to predict than the “when," he expects to see deflation in earnest this year or next.
"That will be bad news for stocks, in my view," emphasized Tubbergen. To read the entire article go to his website and follow the link.
“The Huffington Post published an article outlining student loan debt problems," continued Tubbergen. "Among the facts noted, the number of Americans with student loans is greater than the entire population of Canada or Australia, more than 7 million have already defaulted on their student loans and the Federal Government made more than $50 billion in profits on student loans last year."
See what else is said about student loans by going to the link.
"Japanese Prime Minister Abe’s talk is escalating tensions between Japan and China," warned Tubbergen. "The Prime Minister stated the recent increase in military spending by China is creating instability in the region and that China and Japan are presently in a similar situation to Britain and Germany ahead of World War I. Abe added Britain and Germany clashed in spite of their deep economic ties."
Tubbergen claims that economic winters have historically seen military clashes and significant political change.
A few of the other things Tubbergen is reading include:
- Super Bowl ads for this year’s game are averaging a cost of $4 million for a 30 second ad. That’s more than double the cost of 12 years ago.
- Free agent baseball player Masahiro Tanaka, who recently signed a $155 million deal with the New York Yankees will end up keeping only $68 million after taxes due to the high city and state taxes in New York. Had Tanaka signed a similar deal with the Arizona Diamondbacks who were also interested in Tanaka, he would have saved almost $12 million in taxes over the life of his contract. That’s illustrative of the impact taxes have on employment in certain areas.
To get the links to any or all of these fascinating stories, go to http://www.dennistubbergen.com and select his January 27, 2014 entry.
About Dennis Tubbergen
Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM.
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.
The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.