Global growth is going the wrong way. The lynchpin? Europe. “The U.S. is the cleanest dirty shirt in the laundry once again,” says Shah. In fact, he joined Varney & Co. to report the issues facing Europe will cause contagion in the U.S. In fact, Shah believes the markets are headed for a major swoon and pinpoints where most of the selling will inevitably occur.
Shah also weighs in on one of the most shocking bankruptcy filings of the week and shares which stock he believes is “hugely overrated.”