Trump’s ‘massive recession’ forecast stumps economists
WASHINGTON – Donald Trump’s prediction that the U.S. economy was on the verge of a “very massive recession” hit a wall of skepticism on Sunday from economists who questioned the Republican presidential front-runner’s calculations.
The global casino
As with all forms of gambling, derivatives trading carries a certain amount of risk.
The scary part is that we are all exposed to the enormous derivative risks that the biggest U.S. banks have become entangled in, despite assurances to the contrary:
“Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts. That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment. Globally, the notional value of all outstanding derivatives contracts is a staggering 552.9 trillion dollars according to the Bank for International Settlements. The bankers assure us that these financial instruments are far less risky than they sound, and that they have spread the risk around enough so that there is no way they could bring the entire system down.”
In a revealing interview, Trump predicts a 'massive recession'
The Washington Post
1 day ago - The GOP front-runner paints himself as a 'Lone Ranger' in controversial stances on the economy as well as his plans for the White House.
Trump: U.S. headed toward 'massive recession' - USA Today
3 hours ago - Donald Trump, the Republican front-runner for president, says the nation is careening toward “a very massive recession,” because of an ...
Trump: "The Country Is Headed For A Massive Recession ...
2 hours ago - Donald Trump continued to streamroll over all conventional narratives when during a massive 96-minute interview with the Washington Post on ...
Chamber: Trump's trade policy would cause U.S. recession ...
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