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Trumps economic proposals echo rhetoric that plunged US into the Great Depression: analysts
In the week since Donald Trump became the president-elect of the United States, many people have tried to rationalize what may have led to his victory, and some have pointed to the question of globalization.
According to Business Insider, which cited Deutsche Bank strategists George Saravelos and Robin Winkler, the period of globalization, which has dominated market trends for at least the last century, is coming to an end.
The most tangible way of understanding this very rationale is looking at the United States electing Trump, the United Kingdom voting in favor of Brexit, it’s the movement behind Marine Le Pen in France.
. . .
Saravelos and Winkler, however, pointed to another time in U.S. history when the government tried to curb the trend of globalization and protect the domestic economy. It led to the Great Depression. . .
According to Business Insider, which cited Deutsche Bank strategists George Saravelos and Robin Winkler, the period of globalization, which has dominated market trends for at least the last century, is coming to an end.
The most tangible way of understanding this very rationale is looking at the United States electing Trump, the United Kingdom voting in favor of Brexit, it’s the movement behind Marine Le Pen in France.
. . .
Saravelos and Winkler, however, pointed to another time in U.S. history when the government tried to curb the trend of globalization and protect the domestic economy. It led to the Great Depression. . .
LINK: http://www.rawstory.com/2016/11/trumps-economic-proposals-echo-rhetoric-that-plunged-us-into-the-great-depression-analysts/#.WC0m503umNg.twitter