12:59
Stephen Spratt, an interest rate strategist at Industrial Bank in Hong Kong, stated that Trump and Bowers are vaguely acknowledging their acceptance of short-term economic pain. Note: When asked if he expects an economic recession this year, Trump indicated over the weekend that the economy is facing a 'transition period.' Previously, USA Treasury Secretary Bowers mentioned that an economy dependent on government spending will go through a period of 'detoxification.'