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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsExperts warn of crisis larger 'than the Great Recession' growing inside Donald Trump's economy
President Donald Trump boasted that he had "defeated" inflation and that the US economy was bouncing back to normality in a defiant statement earlier this year.
However, despite Trump's claims, reality paints a different picture as Americans grapple with soaring prices and a potential looming financial crisis.
Over the past century, the United States has weathered several major financial storms including the 2008 financial crash and Great Recession, Black Monday in 1987, and the Great Depression of the late 1920s and early 1930s. Now, experts are sounding the alarm about another impending crisis for the US economy. It comes as Americans are warned the government shutdown is set to wreck the holidays.
This crisis revolves around the car lending market and a surge in car repossessions across the country as Americans default on their auto loan payments, a problem affecting millions and setting off warning signals on Wall Street.
https://www.msn.com/en-us/money/markets/experts-warn-of-crisis-larger-than-the-great-recession-growing-inside-donald-trump-s-economy/ar-AA1P2VTP
Klarkashton
(4,466 posts)Or whatever they are would eventually tank the economy.