Citigroup warns a Donald Trump victory will cause global recession

Economic Collapse News ^ | 26 August 2016 | Andrew Moran

[Lorianne]

If Republican nominee and real estate billionaire mogul Donald Trump pulls out an impossible victory against Hillary Clinton in November then prepare yourself for a global recession. This is the latest warning from Citigroup.

The financial institution believes that markets would enter into chaos and the global economy would collapse because of policy uncertainty. Here is what Citi Chief Economist Willem Buiter opines (courtesy of Bloomberg):

“A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets. Tightening financial conditions and further rises in uncertainty could trigger a significant slowdown in U.S., but also global growth.”

According to the team at Citi, a Trump presidency could decrease global gross domestic product (GDP) growth by 0.8 percentage points. This would push the GDP growth rate to below the two percent global benchmark, Citi projects.

[Lorianne]

My take: They are right! But not in the way they believe. We are headed towards a major global recession no matter who wins the USA presidential election.

[lee martell]

I thought that was supposedly already underway, at least according to people like Dr. Bill Nye.

[PTBAA]

So, if we stop letting foreign trading partners take advantage of us that is a bad thing, OK got it!

[FlingWingFlyer]

Exactly.

The BIG money banks are all out to get Clintoon elected. Trump is about to throw a monkey wrench in all of their BIG money schemes.

[BenLurkin]

The world really never came out of the last recession, did it?

[Paulie]

Exactly right.

Economic and financial calamity was ‘baked into the cake’ years, if not decades, ago.

The question is who can navigate their way through it so that America rises like a Phoenix from the ashes. I think the answer is clear - the man, Donald J.

[Bullish]

Oh, like the one we’re already in because of idiots like Obama?

I’ll take our chances with Trump any day over a corrupt thief like Hillary.

[volunbeer]

Wow - the ridiculous threats of doom are starting already? While I agree that a major world market correction is inevitable and it will be very painful, I hardly think continuing the the policies of the current administration will make the situation any better. The current policy is to simply kick the can.... it’s the favorite game of our politicians in both parties.

[ground_fog]

The bankers are desperate to keep their ponzu scheme going

[dp0622]

We HAVE to live through some pain to let the weak companies fail and the interest rates be whatever they should be.

Same thing happened with Reagan, I think, though i was 12 when he was elected :)

[Resettozero]

Citigroup warns a Donald Trump victory will cause global recession

No problem. Just go up another 5%, 10%, or 110% on monthly interest charges for balances carried over. Just like always. Don't worry, Citigroup; you'll do just fine.

[Thumper1960]

My take is that they spent millions of dollars on the Clinton clan and the elites and they don’t want their crony plans upset by some patriot.

[bigbob]

As Tommy Ching said, “too much recession, man”

[Democrats hate too much]

Its the Brexit bs again but for America.

[Grampa Dave]

Citi has been in bed with both Clintons for decades.

Clinton’s Pay-to-Play is the Natural Consequence of Big Government
Economic Collapse News ^ | 27 August 2016 | Andrew Moran / Peter G. Klein
Posted on 8/28/2016, 2:39:59 PM by Lorianne

Hillary Clinton has been taking heat for her relationship with the Clinton Foundation. Did individuals and firms making large donations to the Foundation, or paying large speaking or consulting fees to Bill Clinton, get preferred access to Ms. Clinton as Secretary of State? Is there a revolving door between the Clinton campaign and the Foundation’s fundraising staff? Are these relationships the subject of the emails she deleted from her private server?

These questions point to a more basic issue about the role of money in politics. What, exactly, do large corporations get in exchange for their payments to candidates and current and former government officials? Ms. Clinton gave 92 speeches between 2013 and 2015 that netted her $21.6 million, including $1.8 million for just 8 speeches to large banks. (CNN provides eye-opening details about her speaking requirements — the $225,000 fee is just the tip of the iceberg.) Ms. Clinton is hardly known for her business acumen; her infamouscattle-futures trades are widely recognized as a political payoff, and her views on corporate governance have been ridiculed by experts. Her opinions on world politics are already in the public domain, so I doubt Goldman Sachs was getting $200K worth of unique insight into global affairs. Bill Clinton, with zero experience in higher-education administration, bagged $17 million to be honorary chancellor of an obscure for-profit university. Why are these companies throwing their money away?

Most people assume that campaign contributions, speaking and consulting fees and lucrative board positions for former and future politicians, and similar payments are pure graft, the kinds of pay-to-play arrangements common under crony capitalism. And some of these transfers surely do buy access and even specific policy outcomes. There are several problems with the common assumption, however. First, research on campaign contributions finds that the expected rate of return on these payments is quite high and yet, given the potential gains, the contribution amounts are remarkably small. Second, there is little systematic evidence that policies are, on average, greatly influenced by such contributions, leading some to suggest that this form of payment to politicians and political parties is mainly consumption, not investment.

http://freerepublic.com/focus/f-news/3463779/posts

[Olog-hai]

A Hillary presidency would have a global depression resulting.

[DoughtyOne]

What does CitiGroup think we're in?  Man, these folks are coming unglued.

Watch it.  Trump will get elected, the economy will start to do better, and they will describe it as the beginning of a recession.  

Ramirez's latest political cartoon LARGE VERSION 08/27/2016: LINK  LINK to regular sized version of Ramirez's latest, and an archive of his political cartoons.
In this political cartoon, Ramirez presents, "Obamacure"

Please join the monthlies, an automated way to help support Free Republic.

If you are not opting to join the automated monthly support program, please consider joining the One One Done project.  LINK

FReepers, 83.74% of the Third Quarter FReep-a-thon goal has been met.  Click above and pencil in your donation now.  Please folks, lets end this FReepathon.  Thank you!
...this is a general all-purpose message, and should not be seen as targeting any individual I am responding to...

[Lorianne]

NO, not in my estimation.
Although some have done quite well all along regardless.

[upchuck]

Bump to your number 1 Lorianne. Trump will have to play cleanup. And he’ll do a good job.

Bad days are coming. I trust Trump to minimize the affect on us.

[HangUpNow]

But...treasonous sell-outs running the country and manipulating every little thing creates confidence and a "certainty" in the markets?

How stupid do these paid Clinton Foundation media hacks think we are?