Global economic crisis fears
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Newsweek |
Global stock markets are down, days before President Trump's reciprocal tariffs and the recently announced duties on auto imports take effect.
Reuters |
Trump said on Sunday that reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances.
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In a series of articles in 2007 for another newspaper, culminating in an August piece entitled ‘Major financial hurricanes are approaching, both overseas and locally’, I argued that a major global financial crisis was on its way and hinted at the future collapse of the local Ponzi schemes.
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