/ world today news/ The American billionaire Donald Trump, who is a contender for the presidential candidate of the Republican Party, claims that a financial bubble has formed in his country’s economy.
“I think we are sitting on an economic bubble, a financial bubble,” he said in an interview with the Washington Post newspaper. According to him, US stock market assets are overvalued, he advised Americans to refrain from investing in stocks. “Now is a terrible time (to invest),” the billionaire noted.
He believes that the economic situation in the US is unfavorable and the country is moving towards a “very big recession”.
At the same time, he stated, “I can handle this too quickly.”
It is known that the bursting of the bubble in the real estate market in the USA in 2007 caused a financial crisis that grew into a global economic crisis. /TASS
Washington / USA
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