The US economy could face a crisis on the scale of the Great Depression of the 1930s.
Such a forecast on the air of Solovyov Live was voiced by economist Mikhail Khazin, according to the TELMENEWS.RU news agency.
According to him, the weakest point of the current US economy is the stock market, where so many business enterprises have long had extremely “inflated” values ​​that do not correspond to any fundamental aspect of their real business.
In fact, according to the expert, most of the companies and companies listed at auction are financial bubbles. However, the main danger here is that various social funds have been actively investing their money in it for a long time.
These include US pension funds. This means that if the market begins to undergo a severe correction, and it will inevitably happen, according to Khazin, the whole pyramid of multi-year debt, at the base of which were “bloated” assets, will collapse.
“The collapse of the economy will be cascading. It will start with the stock market and then every other sector of the US economy will fall. As a result, the situation could only end in a repeat of the Great Depression, which would mean the catastrophe of the century or the crisis of the century for the United States, ”explained the expert.
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