Jeff Yastine Shares His Views On Amazon And Consumer Debt
Jeff Yastine is a member of the 1986 graduating class of the University of Florida. He earned a bachelor of arts degree in electronic journalism and then became a reporter of the news. In 1993 he was hired by PBS to be on their Nightly Business Report show. He eventually became a senior correspondent and he reported on business and financial news. He was once nominated for an Emmy Award for the series he created called “State of Repair” which covered how public infrastructure in the United States is in a very poor state. His series aired in 2007 and it was just weeks after this series concluded that a major interstate bridge collapsed in Minneapolis due to deferred maintenance issues. Learn more about Jeff Yastine at Release Fact.
He left PBS in 2010 and soon joined The Oxford Club LLC as the new editorial director. His team consisted of in-house employees as well as freelance writers and he published newsletters focused on investing. In 2013 Jeff Yastine moved from Baltimore to West Palm Beach, Florida, and joined Newsmax Media, Inc. as their director of financial newsletters. He then joined The Sovereign Society in 2015 where he is now the editorial director. His company changed its name a few years ago and is now called Banyan Hill Publishing.
Just in the first quarter this year, we’ve seen five more decent-sized retailers, including Claire’s and Bon-Ton Stores, go under.https://t.co/0yZtPkXNnu#Amazon #AMZN #JeffBezos #Trump #Trading #Investing #Stocks #StockMarket #TotalWealthInsider #BanyanHillPublishing pic.twitter.com/N7EEqatTjP
— Jeff Yastine (@JeffYastineGuru) April 3, 2018
Jeff Yastine believes that Amazon is overvalued. He says that Amazon is brushing up against the limits of antitrust laws and he thinks that their power in the marketplace is about to be reigned in by regulators. He says that antitrust laws were put in place in order to businesses to engage in fair practices. He thinks Amazon’s business practices can now be characterized as predatory and anti-competitive and have played a big part in 26 major retailers falling into bankruptcy in just 2017 alone. Some of these businesses did have poor management which played a big part in their decline but he also points out that Amazon has built-in advantages that other companies simply can’t compete with.
Another thing currently concerning Jeff Yastine is consumer debt. People owe far too much on houses, cars, student loans, and credit cards. He is really concerned that as the Fed raises interest rates there will be a lot of families who will fall behind as their payments get higher on the consumer debt they are carrying. He expects the overall market to continue to increase in the short term but he says consumer debt loads will eventually cause the economy to collapse and the stock market along with it. Check: https://angel.co/jeff-yastine