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Summers Warns the Biggest Economies Are Not Prepared for Another Recession

By Heraclitusstudent following x   2018 Jun 18, 4:38pm 1,316 views   5 comments   watch   nsfw   quote     share    


https://www.bloomberg.com/news/articles/2018-06-18/summers-warns-biggest-economies-not-prepared-for-next-downturn

"Former U.S. Treasury Secretary Lawrence Summers warned that developed countries are badly equipped for another recession, both economically and politically, and central banks should be wary of raising interest rates just to stop inflation running slightly hot.
...
His comments echoed sentiment earlier on Monday by billionaire hedge fund manager Paul Tudor Jones.

“The next recession’s really frightening because we won’t have any stabilizers,” Jones said on Yahoo Finance. “Monetary policy will exhaust really quickly” while fiscal stimulus won’t be available."
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They're a bit negative. We can start running $2T deficits, and well... taxing the rich a bit more.

We are still on the $36Trillions national debt by 2024 trajectory... We won't get there without some $2T/yr deficits.
1   APOCALYPSEFUCKisShostikovitch   ignore (38)   2018 Jun 18, 5:01pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

If you're not shooting, you're dying!

LONG: YAM!s, BELT!-FED! everything!
2   MisterLefty   ignore (0)   2018 Jun 18, 5:07pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Suzanne Somers has more credibility and better jugs.

3   Tenpoundbass   ignore (13)   2018 Jun 18, 5:36pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

"Another?" We haven't had a real recession in over 3 decades.
4   Strategist   ignore (2)   2018 Jun 18, 6:14pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Heraclitusstudent says
"Former U.S. Treasury Secretary Lawrence Summers warned that developed countries are badly equipped for another recession, both economically and politically, and central banks should be wary of raising interest rates just to stop inflation running slightly hot.


As far as the USA goes, we are on boom times. If unemployment goes any lower, interest rates must be raised further. We need more productivity, not more stimulus.
The current strategy of the Federal Reserve seems to be the right one for now.
5   Strategist   ignore (2)   2018 Jun 18, 6:15pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Tenpoundbass says
"Another?" We haven't had a real recession in over 3 decades.


Where were you in 2008 Rip Van Winkle?

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