On Making Money, Shah told host Charles Payne that consumer spending isn’t enough to drive the economy. Buying is one thing… buying on credit is something else – and when a full two-thirds of the economy depends on consumer spending, and much of that spending is done on credit, that’s a recipe for disaster.
But Shah knows exactly what the U.S. economy needs to escape the cycle of debt-driven consumer spending.
On a recent episode of Varney & Co. – with guest host Charles Payne – Shah stopped by to talk Brexit. According to the polls, the outcome was too close to call… but Shah warned, as he’s been doing for weeks, that “all hell” would break loose if the Brits voted to leave the European Union.
From there, Shah weighed in on Facebook, which just signed nearly 140 different deals with media companies and celebrities worth a reported $50 million to create content for its nascent streaming service Facebook Live.
Is jumping in to the $10 billion live-streaming market a good move for the social media giant? Click below for Shah’s answer…
Next up, Twitter. Its stock price is on the move, but is the company mounting a comeback? See what Shah had to say…
Shah also gives his latest thoughts on Amazon, Tesla, and Apple.
This week, Shah showed up on Making Money to talk about two things:
First, the Fed’s unsurprising decision to keep interest rates unchanged after this week’s meeting of its Open Market Committee. Shah tells viewers where the markets are headed, and if the Fed has the ability to even get markets moving anymore.
Second, Great Britain’s upcoming referendum on whether or not to remain in the European Union – and the one thing about a possible Brexit that no one is talking about…
This week, Shah stopped by Varney & Co. to discuss a litany of topics weighing on the markets:
Can the Dow get past a huge psychological barrier at 18,000?
Is now the time to pull the trigger on Amazon?
Who’s going to buy Twitter?
Hillary or Trump – who’s better for the markets?
Will this scheme force the Brits out of the E.U.?
Shah recently stopped by Making Money to discuss the upcoming “Brexit” vote.
As a British citizen, Shah said that he’d be casting his vote for a Brexit on June 23 – and he predicted that a majority of his fellow countrymen would joint him, resulting in Great Britain’s exit from the European Union.
But how will the markets take it?
And what will become of Prime Minister David Cameron if Shah’s prediction comes true?
On a recent segment of, The Bloomberg Advantage with Carol Massar and Cory Johnson, Shah broke down what’s really going on in the U.S. market. He says “it’s time to be cautious and time to take some profits.” He explains why declining volumes are so “nerve-wracking” and why the current momentum in the market is just not solid.
Shah also mentions two stocks he particularly likes right now. One is a fabulous leading healthcare business, with an excellent dividend yield that he plans to hold onto long-term. The other is a “fantastic” debt-free company with $230 million in revenue. To get the inside story on the state of the market, Shah’s winning stocks and more, listen here.