Economics
Elizabeth Warren’s ‘Economic Crash’ Call Spotlights Democrats’ Line of Attack on Trump
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Democratic presidential hopeful Elizabeth Warren highlighted burgeoning debt levels and recent declines in manufacturing as factors making the U.S. economy vulnerable to a downturn, previewing a line of attack Donald Trump’s opponents will use to pierce the aura of a record-long expansion and half-century low in unemployment.
In a blog post Monday titled “The Coming Economic Crash -- And How to Stop It,” the Massachusetts senator said she sees “serious warning signs” similar to the run-up to the 2008 financial crisis. In addition to the economic weaknesses, Warren cited the inverted Treasury-yield curve and a poll of analysts as backing the idea that a recession is likely on the way.