U.S. and British Economists Warn That Conditions are Ripe for A Repeat of the 2008 Financial Crisis

Translated by: MOS Translation Team – Laniakea

Recently, David Blanchflower, professor of economics at Dartmouth College, and Alex Bryson, professor of quantitative social sciences at the University of London, jointly published a paper warning of a key consumer index that shows the U.S. economy is pointing to a looming recession as severe as the 2008 financial crisis.

Indeed, we could get a rough idea about the U.S. income projections, employment projections, and future economic expectations from the consumer expectations indices provided by the Conference Board and the University of Michigan. In 2021, two indices have declined respectively by 18.4 and 25.3 percent, with the comparison of these two falling by respectively by 21 and 19 percent in the 2008 global financial crisis. According to economists, the two indices all dropped by over 10 percent during all U.S. recessions since the 1980s.

Previously, Miles Guo has repeatedly warned that the world economy is heading for collapse due to the Chinese Communist Party’s (CCP’s) kidnapping of the Western economy, along with the bursting of the CCP’s real estate bubble and the catastrophes from the Covid-19 outbreak and the vaccine biochemical warfare.

As a result of economic havoc and world transformation, the G-series products of the New Federal State of China will be the top winners, becoming Noah’s Ark of the world economy.

Proofread by: Stay                                                          

Edited by: Stay                                                            

Posted by: Stay

Resource:https://gnews.org/zh-hans/1610890/

For more information, please follow us at:  

New York MOS Himalaya |GTV
New York MOS Himalaya |MOS TALK
New York MOS Himalaya | GETTR
http://New York MOS Himalaya |YouTube
http://Free to Join New York MOS Himalaya | Discord

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

0 Comments
Inline Feedbacks
View all comments