United States: As per the prediction of the Republican Presidential front- runner- Donald Trump, the United States, in future, would be suffering the “very massive recession” and he warned that the high unemployment’s combination with the overvalued stock market had set the stage for another economic slump.
It was yesterday, i.e. on second day of April, in an interview with the Washington Post, reportedly, the Billionaire Businessman found stated that “I think we’re sitting on an economic bubble. A financial bubble”.
Further he found noted that there is higher, significantly, the rate of unemployment in the country and it is even higher that the five per cent as has been claimed by the United States Bureau of Labor Statistics. He said “We’re not at 5 percent unemployment. We’re at a number that’s probably into the twenties” if the real number would be looked into, as stated by him.
Also, as per Donald Trump, the investments in the stock market would be served risky, because as per him the ongoing time is “terrible”, he explained all these, casting doubts on the United States Economy, which has been viewed and presented many conventional economists.
Moreover, as per his talks, he also sought to say that if he would be elected, then as per his promise he would completely eliminate the more than Nineteen trillion US dollars of the National debt, “over a period of 8 years” for which he would use the renegotiation of the trade deals.
He also pointed the big trade deals in which specifically one of China, where 505 billion US dollars, in trade, this year.
However, as has been seen earlier, the campaign started by the Trump seen being in controversy as he found making disparaging remarks in relation to the immigrants, women and also about Muslims.
In the criticisms, the current President- Barak Obama also found criticising him by questioning the fitness of the Trump for office for suggesting that the United States and also allies should abandon constraints on the use of nuclear weapons. He was also criticized severally by both Republican and Democratic rivals and also by the politicians.