The problem isn’t just in America….
But it is doubtful the current American President will come to the rescue this time like Barack Obama did back in 2009…
We COULD be in deep trouble…
Stocks tumbled for a second day on Wednesday, as investors faced new evidence that global growth is under threat.
The two day drop has ended what had been a relatively calm stretch of trading on Wall Street.
The S&P 500 dropped more than one percent in early trading Wednesday, adding to a similar sized decline the day before. The selling this week began after a key measure of manufacturing activity showed that factory output in the United States had slowed to levels last seen at the end of the financial crisis a decade ago.
Also on Tuesday, the World Trade Organization cut its forecast for growth in trade. World trade in merchandise is expected to expand just 1.2 percent this year, in the weakest year since the heat of the financial crisis in 2009.