Ex-financier warns economic downturn akin to Great Depression could be beginning | The Business

Ex-financier and global market analysis Satyajit Das explains why Donald Trump's attempts to remake the US financial system could result in an economic downturn comparable to the 1930s Great Depression. Satyajit Das says the complete disconnect between cash, earnings and valuations in conjunction with Trump's desire to reorder the global economic system could see an unravelling which would rival the worst economic downturn in US history, as well as the history of the industrialised world. He says a loss of investor confidence and a crash of the US dollar are possible as a result of the Trump Administration's attempts to try to devalue the world's reserve currency.
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