Elizabeth Warren's 'Economic Crash' call spotlights Democrats' line of attack on Trump
Democratic presidential hopeful Elizabeth Warren highlighted burgeoning debt levels and recent declines in manufacturing as factors making the U.S. economy vulnerable to a downturn.
The point previews a line of attack Donald Trump’s opponents will use to pierce the aura of a record-long expansion and half-century low in unemployment.
In a blog post Monday titled “The Coming Economic Crash - And How to Stop It,” the Massachusetts senator said she sees “serious warning signs” similar to the run-up to the 2008 financial crisis.
In addition to the economic weaknesses, Warren cited the inverted Treasury-yield curve and a poll of analysts as backing the idea that a recession is likely on the way.
Warren flagged as dangerous increases in household debt from student loans, credit cards and auto loans, along with rises in riskier corporate debt.
The senator also highlighted last week’s data from the Federal Reserve showing manufacturing has contracted in the U.S. for the past two quarters, “despite Trump’s promises of a manufacturing ‘renaissance.’"
At: https://www.bloomberg.com/news/articles/2019-07-22/warren-economic-crash-call-spotlights-line-of-attack-on-trump
Sen. Elizabeth Warren has reaped criticism from the business press for her recent warning that current policy could soon lead to another financial crash.
Because, after all, when have GOP policies ever crashed in the past.
= new reply since forum marked as read
