Trump victory could cause global recession: Citigroup

Sep 2012
14,575
18,872
SoCal
#1
Not the first and probably not the last to warn of this...

Trump victory could cause global recession: Citigroup

If New York developer Donald Trump wins the White House in November, the global economy could slip into recession, according to a forecast from Citigroup Thursday.

In a research note a team led by the US bank's chief economist Willem Buiter said the election was a major source of uncertainty in the global economy.
I'm just reporting the news. I hate Citi, personally.
 
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Likes: 1 person
Jan 2012
3,580
1,660
Vacaville, CA
#2
Oh, you mean this Citigroup?:

Washington D.C., Aug. 17, 2015 —
The Securities and Exchange Commission today announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors. The funds later crumbled and eventually collapsed during the financial crisis.


Source: SEC.gov | Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges

Come back when you have a source with a reputation for honesty.
 

Crusher

Former Staff
Aug 2011
28,355
9,254
Heaven Above
#3
The Global recession is coming no matter what. The Socialism that has infected the US and Europe has made that certain.
 
Likes: 1 person

HayJenn

Moderator
Jul 2014
70,035
60,036
CA
#4
Oh, you mean this Citigroup?:

Washington D.C., Aug. 17, 2015 —
The Securities and Exchange Commission today announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors. The funds later crumbled and eventually collapsed during the financial crisis.


Source: SEC.gov | Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges

Come back when you have a source with a reputation for honesty.
Donald Trump winning the US presidency is considered one of the top 10 risks facing the world, according to the Economist Intelligence Unit.

The research firm warns he could disrupt the global economy and heighten political and security risks in the US.

He is rated as riskier than Britain leaving the European Union or an armed clash in the South China Sea.


Trump presidency rated among top 10 global risks: EIU - BBC News

I have posted this like 10 times here. Apparently the Trump suppoters don't seem to care that only is he a liar and a racist, he's a global top 10 risk (although he's been moved up the #3 spot in the last month)
 
Likes: 2 people

Southern Dad

Former Staff
Feb 2015
40,606
8,539
Shady Dale, Georgia
#5
There is little doubt that bankers want Clinton to win. They want the status quo to remain. They are terrified of Trump because they don't own him.
 
Likes: 1 person
Jan 2016
57,346
54,133
Colorado
#6
Oh, you mean this Citigroup?:

Washington D.C., Aug. 17, 2015 —
The Securities and Exchange Commission today announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors. The funds later crumbled and eventually collapsed during the financial crisis.


Source: SEC.gov | Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges

Come back when you have a source with a reputation for honesty.
See post #4.
 
Mar 2012
57,873
39,432
New Hampshire
#7
Didn't the banks in Europe all warn about a global recession if Brexit was approved as well? Look how that turned out. People in Britain didn't seem to care.
 
Likes: 1 person