Investment firm: Trump will cause huge recession
There will be a boom first, followed by a crippling recession.
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Legal & General (L&G) — a 200-year-old insurance and investment firm — announced Wednesday that the United States is likely to plunge into a severe recession just one year before the next presidential election if President-elect Donald Trump’s plans for the economy come to fruition. L&G specifically referenced Trump’s $1 trillion infrastructure plan, along with his stated goals of slashing federal tax rates for corporations and individuals in their assessment of the future of the U.S. economy.
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D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.