According to former Treasury Secretary, Larry Summers, a Donald Trump Presidency could cause a recession and global upheaval. Former Treasury Secretary Larry Summers has put the chances of a U.S. recession at 50 percent within the next two years. Summers said he sees a recession on the horizon but put the risk of it happening next year below 50%. And QE is surely already hitting diminishing returns with the yield curve flattening and markets functioning without the illiquidity premia of the early recovery period. Former Treasury Secretary Larry Summers visits FOX Business Network at FOX Studios on January 30, 2015 in New York City. Former Bill Clinton Treasury Secretary and Barack Obama economic adviser Larry Summers warned Monday that the U.S. is just one recession away from being stuck back in zero interest rate territory — or even lower.

"People are now saying there's a 40-or-50% chance of a recession within the next two years," the former Treasury secretary told CNN. Harvard University economist Lawrence Summers warns that the odds of a recession before 2021 at nearly 50%. Former U.S. Treasury Secretary Lawrence Summers said he sees a better than one-in-three chance of a U.S. recession by the end of next year and urged … "The President vastly overstates the comfort of our own economic position," says Former Treasury Secretary Lawrence Summers. Those odds go up over the next several years, he … We can’t leave out the wonderful quote from former Obama and Clinton chief economist Larry Summers, in 2016: “Under Trump, I would expect a protracted recession to begin within 18 months.” By Jason Furman and Lawrence H. Summers The United States’ annual budget deficit is set to reach nearly $1 trillion this year, more than four percent of GDP and up from $585 billion in 2016. Forward guidance is fine in principle but when the next recession comes expected forward rates will be very low far into the future. The Comprehensive Case Against Larry Summers. ... from his big deregulatory moves as a Clinton administration apparatchik to his too-tepid response to the Great Recession … The economist told CNBC’s … Summers called Trump the most dangerous presidential candidate for the economy in … Former U.S. Treasury Secretary Lawrence H. Summers, a Bloomberg contributor, discusses the efforts by U.S. policymakers to offset the economic impact … Former Treasury chief believes there's an almost 50% chance the U.S. will fall into recession by 2020.
Topline: Yet another well-known economist has warned of a looming downturn: Harvard University professor and former treasury secretary Larry Summers placed the odds of a recession … Chance of recession in 2020: 95% In 2008, he was one of the first to predict that the big bust in housing prices would cause a financial crisis and a recession.


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