Citigroup Thinks Donald Trump Could Cause a Global Recession

[applegrove]

Citigroup Thinks Donald Trump Could Cause a Global Recession

by Lucinda Shen at Fortune

http://fortune.com/2016/08/26/donald-trump-recession-global/

"SNIP.............


But in a recent client note, Citigroup warned that should Trump take the White House, a global recession would likely follow.

“A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets,” a team led by chief economist Willem Buiter wrote in the Thursday note. “Tightening financial conditions and further rises in uncertainty could trigger a significant slowdown in U.S., but also global growth.”


According to Citi, a conservative estimate of what would happen to the economy should Trump become president implies that global GDP growth could fall “easily” below its benchmark of 2% for a global recession.

On the other hand, should Clinton become commander-in-chief—which Citi believes to be the most likely outcome—the U.S. and global economy should remain relatively unchanged. The bank expects that Clinton will largely keep current polices in place, with U.S. growth keeping steady at 2%.


..............SNIP"

[triron]

1. Sent this link

to Rachel Maddow and Chuck Todd. Also told them to stop legitimizing this pathological con artist and liar; and to stop the bullshit bashing of Hillary! They will ignore it most likely.

[triron]

2. kick

[Fritz Walter]

4. Drumpf would welcome - perhaps facilitate - this

As he did a few years ago, he would use a economic recession to bolster his personal wealth. He and his minions have no incentive to steer our country -- or the world -- clear of such a global catastrophe.

[pampango]

5. Too bad the world can't vote to keep Donald out of the presidency, since many will suffer

who are not Americans. They will also pay the price for our stupidity if we indeed elect this dolt.

[tandem5]

6. That's a best case scenario.

[napkinz]

7. K&R