Economist warns America faces a ‘much bigger market collapse’ than 2008
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Economist warns America faces a ‘much bigger market collapse’ than 2008
Warnings that America is heading toward a market crash worse than 2008 have moved from the fringes of finance into the mainstream of economic debate. A cluster of high-profile economists now argue that the next downturn will be deeper, more prolonged, and more centered on the United States itself than the global financial crisis that followed the subprime bust
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Economist warns America faces a ‘much bigger market collapse’ than 2008
Warnings that America is heading toward a market crash worse than 2008 have moved from the fringes of finance into the mainstream of economic debate. A cluster of high-profile economists now argue that the next downturn will be deeper, more prolonged, and more centered on the United States itself than the global financial crisis that followed the subprime bust
#AureFreePress #News
https://share.newsbreak.com/h3z8lkrd@Free_Press
And most likely will be on Trump's watch. -
Economist warns America faces a ‘much bigger market collapse’ than 2008
Warnings that America is heading toward a market crash worse than 2008 have moved from the fringes of finance into the mainstream of economic debate. A cluster of high-profile economists now argue that the next downturn will be deeper, more prolonged, and more centered on the United States itself than the global financial crisis that followed the subprime bust
#AureFreePress #News
https://share.newsbreak.com/h3z8lkrdInvestment is risky in an unpredictable market. Tariffs are an impediment to building a manufacturing base if you are importing any materials or components. A shrinking labour pool limits your ability to find qualified workers. The market contracts because the tariffs act like a tax and siphon money away. A contracting market sheds workers. Without income, buying power and activity is reduced. Throw in a few boycotts and you have the perfect storm for a depression that will make the Great Depression seem fantastic in comparison.
It certainly doesn’t look good and yet we still have corporate America supporting their own destruction just as they did in’08. Blindly going along with it and never ever asking themselves what happens after the next quarter. Idiots.
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