Slowly, then very quickly Economist shares striking warning as Trumps war deal falters
News Source : Raw Story
News Summary
- President Donald Trump's war with Iran put the global economy on the brink of collapse, an economist says.
- The only thing that saved Trump from collapsing was the enormous amounts of money tech companies are spending to build data centers around the world, he adds.
- The current value of the u.s. stock market is more than double the country's GDP, which he describes as similar to the valuations seen during the dot-com bubble.
- " Calling an end to this whole thing is very hard," Ahamed says.
- "On the other hand, I can assure you there will be an end"
President Donald Trumps war with Iran put the global economy on the brink of collapse, and one economist warns that it could get worse if one sector of the economy begins to show signs of weakness.
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