News By Tag
News By Location
Recession could stop President Trump's re-election
A strong economy is expected to help Republicans keep control of the Senate and House in the midterm elections. However, many experts see a recession in 2019-2020. No president has been re-elected during a recession started in his first term.
By: Dr. Steve Johnston, author.com
During the next two years the European Central Bank will also be unwinding its QE program, this will lead to increasing world interest rates. The markets are potentially on a collision course for disaster. As market rates spike, financially weak companies will find it harder to meet their obligations and rollover debt. The bursting of the bubble in Treasuries will cause a massive interest rate shock that will drive many U.S. consumers into insolvency and send many people throughout the globe into poverty. QE caused a bubble in the stock market, real estate, and commodities. The reversal of QE will cause a crash of Biblical proportion. If this occurs before 2020, President Trump's chances of re-election could be doomed.
For more info on current events see:
Dr. Steve Johnston, author.com
Dr. Steve Johnston
Page Updated Last on: Aug 29, 2018