Canadian economist: U.S. debt accumulation is difficult to return, the U.S. bank crisis is heavy

2023.05.10 20:45 GMT+8

Canadian economist: U.S. debt accumulation is difficult to return, the U.S. bank crisis is heavy

Updated 2023.05.10 20:45 GMT+8

CGTN

On May 9, U.S. stocks closed down and Goldman Sachs analysts warned that stock prices will be more prone to sudden losses in the future. Canadian economist James Brander pointed out that the three banks bursting into bankruptcy and being taken over, the debt ceiling deadline approaching, and concerns about the stability of the U.S. banking sector are the triggers for increased stock market volatility.

Canadian economist: U.S. debt accumulation is difficult to return, the U.S. bank crisis is heavy

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