Will Trump cause a Greater Depression? Dollar swaps are a bad sign

Financial crises are never alike. What they all have in common is a proliferation of strange stories. The 1929 crash came with stories of shoeshine boys giving stock tips based on something they overheard. Investors thought in the early 2000s that complex financial instruments and modern methods of mathematical finance would make it safe to invest in dodgy mortgage products. The US Treasury Secretary Scott Bessent said several Gulf States, including the UAE, have requested dollar swap lines with the US.

Read the full article and join the community discussion on Inimzu.