Former U.S. Treasury Secretary Larry Summers Former Obama administration economic adviser Larry Summers warned Sunday that all precedents in the economy are pointing to a recession happening in the next two years.
Summers, appearing on “ Meet The Press ,” told NBC News host Chuck Todd that “a whole range of indicators” — including markets, relative levels of interest rates at different durations, consumer expectations, and supply and demand — are pointing toward a recession, which is defined as two consecutive quarters of negative economic growth.
“All of that tells me that, while I wouldn’t presume whether to judge the timing, […]
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