Investors Warn of Market Volatility Amid Trump-Related Uncertainty
Investors warn that Donald Trump could potentially trigger another market shock due to political risks, highlighting concerns about market stability amid his influence.
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Market Shock
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"Warnings of Market Shock and Bitcoin Earthquake as US Debt Hits Unsustainable Path"
The head of the Congressional Budget Office warns that the unprecedented levels of US government borrowing could trigger a damaging market reaction, with federal debt projected to surpass World War II levels by 2029. Both Democrats and Republicans are blamed for fiscal profligacy, and economists are concerned about the potential impact of renewing the 2017 tax cut program. While Congress needs to act quickly to address the federal debt pile, cooperation from a divided Congress may be challenging, and a fiscal crisis could come as early as next year if there is no course correction.