Experts Warn of Looming Economic Dangers as US and UK Pursue Risky Financial Policies
• The US faces potential financial crises due to expanding state-run insurance liabilities, commercial real estate loan exposure, corporate debt, and stock market speculation • These issues resemble pre-2008 conditions and could trigger bank failures and economic instability • The IMF and analysts warn high interest rates put US banks at risk due to underwater commercial properties and unhedged corporate debt • Rishi Sunak admires the US model and wants the UK economy to follow its lead, focused on finance over public services • This makes the UK more vulnerable to health, financial, and trade shocks by depending on foreign investment and imports