There Could be a Financial Crash Before End of Trump’s First Term, Experts say, Citing Looming Debts
Financial experts are pointing to several ominous economic indicators including skyrocketing student loan and U.S. household debt that could predict a crash “worse than the Great Depression,” according to a report in the New York Post.
Goldman Sachs predicted this year’s U.S. fiscal outlook will be “not good” and U.S. household debt has been increasing since the 2008 housing crisis led to American taxpayers bailing out the big banks.
In 2018, experts say a $247 trillion global debt will be the main reason behind the next cataclysmic financial crash. Additionally, low wages and the U.S. national debt’s steady rise are expected to drag down the economy.