Grand Rapids, MI -- (ReleaseWire) -- 01/29/2014 -- Dennis Tubbergen is a financial advisor, author, radio show host and CEO of PLP Advisors, LLC. Tubbergen can always be turned to when you need a little help understanding the latest economic happenings in the U.S.
Many people enjoy his blog at http://www.dennistubbergen.com and ask what Tubbergen has been reading. Instead of devoting his daily blogs to just one topic, lately Tubbergen has been giving links to several different topics he finds interesting. On January 20, 2014 his blog was titled Retail Traffic Down, Retailers Trim Profit Forecasts.
"Retail traffic dropped 21 percent during the week of December 21 and many retailers are trimming profit targets moving ahead according to an article on Bloomberg," began Tubbergen.
His second topic was student loans.
"I’ve repeatedly warned about the potential negative impact student loan debt may have on the economy," noted Tubbergen. "As this article states, total student loan debt is now in excess of $1 trillion and the default rate on student loans is 11.8 percent. Unlike other debts, student loan debt cannot be discharged in a bankruptcy. That will, in my view be a huge drag on the economy."
Let's not forget the housing market.
"Nouriel Roubini, one of the economists who predicted the housing market collapse and subsequent financial crisis made some new predictions about the world economy in 2014," stated Tubbergen. "Among those predictions, blue collar workers will be left behind while skilled labor and capital will do well. I’m not quite as confident about capital as Mr. Roubini."
Want to read more about virtual currency Bitcoin? Follow the link from Tubbergen's blog. To read his blog in its entirety go to http://www.dennistubbergen.com and select his January 20, 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 http://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.
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.