⚠️Donald Trump Warns of Economic Depression and World War
🇺🇸 Trump Warns: Near 1929 Depression and War
Donald Trump has warned that the US is facing a "1929-like economic crisis" and a new world war. He continued to criticize the economy under Joe Biden, saying that Biden's administration has led to this situation.
📊 Economic Data Supports Argument
Previously, economic data did not fully support Trump's claim, as the US remained the fastest growing economy in the G7 after the COVID-19 pandemic. However, the latest jobs report showed a significant slowdown, with job growth in July reaching only 114,000, much lower than expected.
🔍 Recession Risk
The slowdown in the labor market has raised concerns about an economic recession. The Sahm rule, a recession gauge used by the Federal Reserve, is nearing the critical level, indicating that the US economy could be in the early stages of a recession. If the unemployment rate does not fall next month, the rule will be triggered.
🔗 Source: https://t.me/cryptoanalysisvn/1/1951
