Dan Celia: Media Will Focus on Vice President, Not the President; Economy Will Surge if Trump Gets Reelected
PHILADELPHIA - August 12, 2020 (Investorideas.com Newswire) Nationally syndicated host and biblical investing authority Dan Celia said today that even though presumptive Democratic presidential nominee Joe Biden's selection of California Senator Kamala Harris as his running mate isn't a real surprise pick, it is surprising that most of the media attention will be placed on her instead of Joe Biden. Celia also remarked how the American people will be voting this year more for a vice president than the actual president.
"Of course the news taking all the air out of any economic news is Joe Biden's pick, Kamala Harris, as vice president. I don't think anybody was surprised by that pick, but I think we may be surprised that the news media will continue to help keep Joe Biden in the basement and she will be all over the place," Celia said. "I think it's interesting that for the first time people are going to be asked to vote for a vice president. Generally the vice president on the ticket has little to do with the American people and who they choose as president, but the Democratic Party is set on changing that."
Even though Biden's pick of Harris as vice president has been dominating the news cycle, the latest political news hasn't shown a significant impact on the markets.
"As we head into the rest of the week, I'm sure there's still going to be low volume. Markets are not trading on any bad news. They're trading on good, solid economic news, which I suspect is going to continue to come out for the rest of this week.
"We are seeing producer price indexes on Tuesday come out a little bit higher. That's not a bad thing. That's a good thing. It means that we are avoiding deflation, that there is still demand. There is still some balance between supply and demand and we're seeing some prices increase. That's a good thing for a good free market economy."
Celia also notices the politics within news media coverage. If Donald Trump gets reelected as president, Celia believes news outlets won't cover the coronavirus pandemic as much as they are now leading up to Election Day, and predicts the economy will improve after Trump's reelection.
"Everywhere you turn in the economic data, it contradicts what political media is saying about America. And the only thing that seems to be smart enough to understand that is, in fact, the market. So maybe that's all we should be keeping our eyes on. Mark my word folks, when President Trump gets reelected, the coronavirus will magically be over. The news won't be talking much about it. And you're going to see a surge in the economy to the likes of which we haven't seen because it's going to go from a bottom to back to where it was in February in a heartbeat, and then move on from it."
Celia discusses these and other global and economic headlines on his daily, three-hour "Financial Issues" program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
Read more about Celia, FISM and "Financial Issues" or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
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