Veteran Investor: The Trade War Is A Warm-Up For A Financial Crisis | WHAT REALLY HAPPENED


Veteran Investor: The Trade War Is A Warm-Up For A Financial Crisis

Central banks have begun hiking interest rates too in response to the economy. But hikes are a “short-term fix” and they could be counter-productive for countries with high amounts of debt (like the United States), Mobius said, adding that governments need to put their finances in order to restore investor confidence. Mobius then predicted that there will be a few “winners” in the trade war, but the United States will not be one of them.

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