Wall Street Watchdog Sounds Alarm: “Time Running Out Before Major Financial Crash”
PatriotR Daily News 02/24/25
Amanda Williams February 24, 2025
ECONOMIC NEWS
Wall Street Watchdog Sounds Alarm: “Time Running Out Before Major Financial Crash”
Dennis Kelleher, CEO of Better Markets, warns that financial deregulation under the Trump administration could trigger a catastrophic financial crash worse than 2008. He highlights a historical pattern where deregulation and artificial liquidity lead to major crises, citing the Great Depression, the 2008 crash, and the 2023 banking crisis. Kelleher criticizes Wall Street’s unchecked power and lack of accountability, arguing that without real consequences for reckless bankers, the cycle will continue. With financial deregulation set to expand, he warns that another major collapse is only a matter of time. Read More.
WORLD NEWS
Economic Fragmentation Could Outpace Costs of 2008 Crisis and COVID-19 Pandemic
A new World Economic Forum report warns that rising economic fragmentation—driven by sanctions, industrial policies, and financial system divides—could shrink global GDP by up to $5.7 trillion, surpassing the impact of the 2008 financial crisis or the COVID-19 pandemic. The report highlights how a full East-West economic decoupling could severely impact emerging markets, fueling inflation and slowing growth. To mitigate risks, policymakers are urged to adopt balanced economic statecraft that protects national security without undermining global prosperity. Read More.
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