European Central Bank Warns Trump Could Spark Next Financial Crisis

[Yo_Mama_Been_Loggin]

Europe’s top financial watchdog has warned that President Trump’s war with Iran and his tariff policies are pushing the global economy toward a major financial crisis.

The European Central Bank, in a sweeping assessment of global financial stability, said Trump’s escalating conflict with Iran and his volatile trade policies are stress-testing the resilience of the world financial system at a moment when government debt is ballooning, and asset prices are already overstretched.

ECB vice-president Luis de Guindos, delivering a damning verdict before leaving his post at the end of May, said the war in Iran, codenamed Operation Epic Fury, was putting the financial system “to the test.”

“While the full impact of the war is unclear at this stage, the repercussions for the global economy and financial stability are becoming graver the longer it lasts,” he said.

https://finance.yahoo.com/economy/policy/articles/trump-hit-dire-warning-could-123331002.html

The man who bankrupted a casino sets his sights higher.

[bucolic_frolic]

1. Chaos is the best environment for billionaires, private equity, and their henchmen

This is not a bug, it's by design.

[2naSalit]

2. Could?

More like has and continues to...

[Irish_Dem]

3. Trump doesn't care. He is well on his way to becoming a trillionaire.

Thanks to the US taxpayer.

[Bluestocking]

4. No kidding

And they’re just figuring that out now.