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Larry Summers Warns Of Nixon-Era Risks In Trump's Term: Policies Could Trigger 'Significantly Larger' Inflation
Thursday, December 12, 2024 - 12:49am | 538Read More...Former U.S. Treasury Secretary Larry Summers cautioned on Wednesday that President-elect Donald Trump‘s proposed economic policies could trigger more severe inflation than the surge experienced during President Joe Biden‘s term, highlighting potential risks for investors and markets....
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Larry Summers: National Bitcoin Reserve 'Crazy'
Sunday, December 8, 2024 - 11:45am | 477Read More...Former Treasury Secretary Larry Summers has dismissed the idea of a national Bitcoin (CRYPTO: BTC) reserve as “crazy” amidst ongoing deliberations in Congress and the crypto industry. What Happened: In an interview with Bloomberg on Friday, Summers voiced his doubts about the...
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Trump's Tariff Plans, Canada's Possible Retaliation, And Larry Summers' Inflation Risk Warning: This Week In Economics
Sunday, December 1, 2024 - 7:00am | 613Read More...The week was packed with significant economic and political developments, capturing the attention of markets and analysts alike. From Donald Trump‘s bold tariff announcements to Canada‘s potential countermeasures, the news cycle was anything but dull. Meanwhile, economic...
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Larry Summers Warns Trump Policies Could Push Prices Higher Than Biden's Actions: Markets Not A Good Predictor Of Inflation
Tuesday, November 26, 2024 - 2:10am | 506Read More...Former Treasury Secretary Larry Summers predicts potentially significant economic disruption under a potential President-elect Donald Trump‘s administration, cautioning that proposed economic policies could trigger an inflation shock more substantial than recent experiences. What Happened: In...
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Trump's Trade Proposals Could Play The Role Of The Grinch, Warns Obama-Era Treasury Secretary Larry Summers — 'Proposed 100% Tariffs Could Double Holiday Toy Prices'
Monday, October 28, 2024 - 8:39pm | 652Read More...Barack Obama-era Treasury Secretary Lawrence Summers criticizes Donald Trump’s proposed tariffs, questioning how they could help fight inflation. What Happened: On Monday, Summers, the former Treasury Secretary, took to X to express his concerns about the proposed tariffs by Trump. Summers...
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US Job Growth Surges, Market Euphoria Predicted To Top, And Musk Foresees Bankruptcy: This Week In Economics
Sunday, October 6, 2024 - 6:00am | 601Read More...The past week has been a rollercoaster ride for the U.S. economy. From a surprising surge in job growth to predictions of market euphoria topping soon and Elon Musk’s alarming bankruptcy prediction for the U.S., there’s a lot to unpack. Let’s dive into the top stories of the week...
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Former Treasury Secretary Larry Summers Slams Fed's September Rate Cut Saying It Was A Mistake: 'Today's Employment Report Confirms Suspicions That...'
Saturday, October 5, 2024 - 2:18am | 569Read More...Former Treasury Secretary Larry Summers has expressed disapproval of the Federal Reserve’s decision to cut interest rates last month, terming it a misstep in the face of the latest US job growth data. What Happened: On Friday, Summers took to X, formerly Twitter, and voiced his disagreement...
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Jim Cramer Says Go With Trump If 'You Care About Your Paycheck:' Is Ex-President Really Taxpayer Friendly?
Tuesday, August 6, 2024 - 8:13am | 642Read More...CNBC Mad Money host Jim Cramer has said in the past that Republican presidential candidate Donald Trump is good for one’s investment portfolio. On Monday, the stock picker said a Trump White House could also be good for income earners. What Happened: “If you're in the stock market, if...
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Larry Summers: Biden Quitting Shifts Focus To Trump's 'Dishonesty, Demagoguery, And Dangerousness' — Warns Ex-President's Policies Will 'Undermine Economic Security Of Tens Of Millions'
Sunday, July 21, 2024 - 10:03pm | 501Read More...Lawrence Summers, a prominent economist and an Obama-era Treasury Secretary, has criticized Donald Trump’s economic program and leadership, following President Joe Biden’s decision to withdraw from the 2024 Presidential race. What Happened: In a post on X, on Wednesday, Summers...
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Larry Summers Slams Fed's 'Excessive Optimism' On Inflation And Underestimation Of Long-Term Interest Rates, Says The Central Bank 'Is Badly Wrong…'
Tuesday, June 25, 2024 - 4:41am | 547Read More...Former U.S. Treasury Secretary Larry Summers has criticized the Federal Reserve’s optimistic stance on inflation, warning that the central bank is underestimating the long-term interest rates necessary to curb inflation. What Happened: Summers, speaking at an event organized by the Council on...
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Larry Summers Says Halting AI Would Be To 'Cede Field To Potential Adversaries' Of US, But Sees Need For Strong Regulation To Ensure Safe Use
Sunday, June 23, 2024 - 2:50pm | 640Read More...Former Treasury Secretary Larry Summers, on Friday, weighed in on presumptive Republican candidate Donald Trump’s tariff proposals and on artificial intelligence technology. Change All Around? In an interview with Bloomberg, Summers discussed whether significant changes were happening across...
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Larry Summers Warns Donald Trump's Fiscal Policy Could Inflict More Damage Than One That Precipitated Great Depression: 'Prescription For The Mother Of All Stagflations'
Sunday, June 16, 2024 - 1:33pm | 658Read More...Former Treasury Secretary Larry Summers on Friday said he hasn’t seen a more inflationary economy policy than that of presumptive presidential candidate Donald Trump in his lifetime, calling it an “irresponsible set of proposals.” Biggest Supply Shock: Trump’s tariff...
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Trump's Tax Agenda Could Lead To 133% Tariffs And Inflation Spike, Says Paul Krugman: 'Just Ignorant'
Friday, June 14, 2024 - 2:32am | 705Read More...After CNBC reported that presumptive Republican presidential candidate Donald Trump is considering replacing income taxes in the U.S. with additional import tariffs to offset the revenue shortfall, Nobel laureate and economist Paul Krugman shared his views on the matter through a series of posts on...
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This Week In Economics: From Mark Cuban's Wage Stand, Central Banks' Rate Cuts, Oil Price Slump To Inflation Warnings
Sunday, June 9, 2024 - 6:00am | 643Read More...The past week has been a whirlwind of economic news and market movements. From Mark Cuban’s defense of minimum wage increases to central banks slashing interest rates, the financial landscape has been anything but dull. Let’s dive into the top stories that made headlines over the week....
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From Trump's Possible Re-Election, Biden's Georgia Lead, To Michael Cohen's Family Being Doxxed: This Week In Politics
Sunday, June 9, 2024 - 5:00am | 595Read More...The past week has been a whirlwind of political news, with former President Donald Trump and current President Joe Biden at the center of it all. From warnings of potential inflation spikes to surprising poll results in Georgia, the political landscape continues to shift and evolve. Here’s a...
