Current economic disaster is like three neutron bombs dropped on us, market analyst tells Boom Bust ...United Arab Emirates

Russia Today - Economy
Current economic disaster is like three neutron bombs dropped on us, market analyst tells Boom Bust
source : Russia Today ( United Arab Emirates ) () 110
The US Federal Reserve has been attempting to stop investor panic with its emergency actions, but those moves are like firing “a water gun” when we need “a bazooka,” Tobin Smith, CEO of Transformity Research, believes. Speaking to RT’s Boom Bust, the analyst said that the real problem is in the US debt market, as there is four times as much debt than there was in 2008-2009. “This is as a financial disaster, as a health disaster as an economic disaster – is like we got three neutron bombs dropped on us,” Smith warned. “First we obviously have the coronavirus and the pandemic, then we’ve got the oil pandemic... and then the third bomb is

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