Chris Stigall And La Salle University Finance Professor Walter Schubert Discuss Scottish Vote And Apple's Newest Smart Phone
Chris Stigall spoke with La Salle University Finance Professor Walter Schubert to discuss various economic issues, such as the Scottish vote and the unveiling of Apple's newest smart phone. Schubert said when the European market gets harmed we get harmed because we are such an important trade company. If Scotland broke off from UK, there was question if Scotland would need to create their own currency, new jobs, etc. and the answer is yes, and they would have to create new embassies and such also.
Stigall posed the question that hypothetically if we woke up tomorrow and Scotland cut ties with the UK, would that make a problem for our markets. Schubert answered that our markets would have also gone negative, but not nearly as negative as Great Britain's market.
Schubert states "Investors buy the future." They don't want to be in bonds right now, Schubert claims, so they invest in the stock market. Stigall referenced CNN, rolling off the stat that not even 50 percent of Americans are invested in stocks at all. According to CNN Money, only 49 percent of Americans have any money in stocks at all, not even suggesting how much money. People who have money in a stock market have a secure future, according to Schubert, unless it crashes again, such as in 2008.
It's a global economy, and if Europe and Japan don't step up, says Schubert, the market could take a beating.
