Fitch Warns Trump Administration Could Lead To Global Economic Disaster
by Tyler Durden
ZeroHedge.com
Feb 10, 2017
Twice in one week.
Just days after ECB president Mario Draghi (and other Europeans) suggested that Trump’s proposed deregulation has “sown the seeds of the next financial crisis”, when he told the European Parliament that “the last thing we need at this point in time is the relaxation of regulation. The idea of repeating the conditions that were in place before the crisis is something that is very worrisome”, clearly ignoring that one of the biggest timebombs facing the world is his own balance sheet…
… moments ago Trump was also preemptively cast as the scapegoat for the next global economic crash by none other than rating agency Fitch.
In a self-explanatory report titled “The Trump Administration Poses Risks to Global Sovereigns”, Fitch is sounding the alarm on the potentially negative consequences of Trump’s economic policies, even though none have been officially disclosed yet.
In the report Fitch warns that “the Trump Administration represents a risk to international economic conditions and global sovereign credit fundamentals” and cautions that because “US policy predictability has diminished, with established international communication channels and relationship norms being set aside”, this raises the “prospect of sudden, unanticipated changes in US policies with potential global implications.”
The Rest…HERE
