Posted on 08/28/2016 2:45:09 PM PDT by Lorianne
If Republican nominee and real estate billionaire mogul Donald Trump pulls out an impossible victory against Hillary Clinton in November then prepare yourself for a global recession. This is the latest warning from Citigroup.
The financial institution believes that markets would enter into chaos and the global economy would collapse because of policy uncertainty. Here is what Citi Chief Economist Willem Buiter opines (courtesy of Bloomberg):
“A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets. Tightening financial conditions and further rises in uncertainty could trigger a significant slowdown in U.S., but also global growth.”
According to the team at Citi, a Trump presidency could decrease global gross domestic product (GDP) growth by 0.8 percentage points. This would push the GDP growth rate to below the two percent global benchmark, Citi projects.
(Excerpt) Read more at economiccollapsenews.com ...
A cut back in the play money distribution scheme. Beer and lottery sales recession a given.
Our conservative cartoonists are all over the Clintoon Cash Cow events.
They are putting out great toons!
To say that politicians are the lowest form of human life, does not even begin to describe the Clinton.
I hope everybody here understands that as a General rule, What is GOOD for BANKS and The Wall Street is universally BAD FOR THE AMERICAN PEOPLE, What is GOOD for the American People is BAD for Wall Street and Banks.
“To say that politicians are the lowest form of human life, does not even begin to describe the Clinton.”
Can we even consider the Clintons to be a form of human life?
Open secrets donations to Hillary from Citigroup Inc - $958,692
Only the latest BS.
Sounds like a threat.
I’m thinking if sHillary is elected, recession, and if Trump depression.
Just because the true 1% of which I am most certainly not, will not tolerate having someone not be holden to tbem.
I remember everyone saying if you vote for Goldwater the country will get mired in a disastrous land war in Asia. Sure enough, we did.
Just like their Brexit predictions?
They sure are awesome!
They said the same garbage about Brexit. It’s just a thing they say to try and swing the masses. No one should listen.
Actually, if Trump is elected it will lead to globalist depression.
Good one.
Isn’t Citigroup one of those predatory lenders that prey on the financially destitute victims of obamanomics? What happens to their targets under President Trump?
My take...They would prefer Hillary, they own her.
Global recession? I thought that BRexit was going to do that?
Been awhile since we’ve seen bankers demonstrating their swan dive technique.
I’m glad you asked.....not really.
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