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SunSeeker

(57,694 posts)
4. Yes, the loss of trust is devastating to the US economy.
Wed Apr 9, 2025, 05:30 PM
Apr 2025

Former U.S. treasury secretary Lawrence H. Summers said the broad stock-and-bond sell-off reflected a “highly unusual pattern” that suggests “a generalized aversion to U.S. assets in global financial markets.” He warned about the possibility of “a serious financial crisis wholly induced by U.S. government tariff policy.” https://www.washingtonpost.com/business/2025/04/09/us-treasury-bonds-tariffs-trade-war/

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