Thanks to lingering anxiety about the ongoing trade war and rhetoric between the United States and China, futures indicated that the Dow would open over 400 points lower this morning. Couple that with the expectation that the sell-off will continue, the economic recession could very well be in the beginning stages.
Something is eventually going to have to give. The United State’s debt which has shot up over $21 trillion dollars cannot be sustained by printing money forever, says a financial analyst. According to TeleTradeBel analyst Mikhail Grachev, the US debt, supported by the printing of dollars could be coming to an end. “From 2009 to 2014. […]