Economist Stephen Roach issues new dollar crash warning, sees double-dip recession odds above 50%

Discussion in 'Political Opinions & Beliefs' started by Denizen, Sep 24, 2020.

  1. Denizen

    Denizen Well-Known Member

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    The Trump economic illusion is about to go bang. A triple whammy is being portended to exemplify the end of the Donald Trump fake economy and bogus POTUS era.
    1. "Evidence supports ‘seemingly crazed idea’ that dollar will crash".
    2. “The current account deficit in the United States, which is the broadest measure of our international imbalance with the rest of the world, suffered a record deterioration in the second quarter,”
    3. “The so-called net-national savings rate, which is the sum of savings of individuals, businesses and the government sector, also recorded a record decline in the second quarter going back into negative territory for the first time since the global financial crisis.”
    Donald Trump is sliding down the opinion polls and the stock market bubble he financed with debt and welfare to the wealthy is about to be pricked by the voters.

    Trump's followers will see their illusory wealth disappear down the road with Donald Trump who has filled his pockets before he is run outta town.

    Goodbye Donald and good riddance. The stable genius should be incarcerated instead of being returned to the stable.

    https://www.cnbc.com/2020/09/23/us-...-double-dip-recession-odds-stephen-roach.html

     

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