Wall Street Tycoon: Trump is Deliberately Creating an Economic Recession

Wallstreetcn
2025.03.03 10:26
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Former Lehman Brothers trader Larry McDonald stated that the Trump administration deliberately triggered an economic recession to address the $36 trillion debt issue in the United States. He pointed out that if interest rates remain at current levels, next year's debt interest will reach between $1.2 trillion and $1.3 trillion, exceeding defense spending. Trump needs to lower interest rates to save on interest expenses, and the current economic environment is similar to the stagflation period from 1968 to 1981