Former Treasury Secretary Lawrence Summers says he sees no more than a 15% chance that “it’s all going to work out well” for the U.S. economy. “The odds have gotten bit more tilted to the bad outcomes and a bit more tilted to inflation than I thought,” Summers said on “Wall Street Week” with David Westin.
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Just 15% Chance U.S. Economy Works Out Well: Lawrence Summers - Bloomberg
Showing posts with label Prediction. Show all posts
Showing posts with label Prediction. Show all posts
2/28/21
USA: Republican predicts Trump won’t be party’s presidential nominee in 2024
Bill Cassidy, the Louisiana Republican senator, predicted on Sunday morning that Donald Trump will not be the party’s nominee for president in 2024, pointing to the number of seats lost by Republicans in the House and Senate over the four years Trump was in office.
Cassidy was asked on CNN’s State of the Union show whether he would support Trump if the former president runs for another term in 2024, or if he would support him if he did run and won the Republican nomination to challenge Joe Biden. “That’s a theoretical that I don’t think will come to pass,” Cassidy said. He added: “I don’t mean to duck, but the truth is … I don’t think he’ll be our nominee.”
Read more at: Republican predicts Trump won’t be party’s presidential nominee in 2024 | US elections 2024 | The Guardian
Cassidy was asked on CNN’s State of the Union show whether he would support Trump if the former president runs for another term in 2024, or if he would support him if he did run and won the Republican nomination to challenge Joe Biden. “That’s a theoretical that I don’t think will come to pass,” Cassidy said. He added: “I don’t mean to duck, but the truth is … I don’t think he’ll be our nominee.”
Read more at: Republican predicts Trump won’t be party’s presidential nominee in 2024 | US elections 2024 | The Guardian
2/7/17
Global Economy: Economist Harry Dent: “This is Just the Beginning of a Nightmare Scenario as Dow Crashes to 6,000”
Harry Dent recently explained: “Nations are dealing with aging populations, bubbles based on debt, and the misguided but unrelenting belief of policy makers that if they only try one more monetary policy change, they can turn the economic tide.”
But investors are finally waking up to the fact that we are in an economic winter. With it comes a whole assortment of problems: sluggish demand, falling commodity prices, and a race to devalue currencies to boost exports at the expense of everyone else.
We should heed his warning. He is renowned for his astounding accuracy; having pinpointed nearly every major economic crash over the past 30 years… including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the impending demise of China and the fracking industry.
In his latest video presentation, Dent further details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.
“Housing prices will start to fall by as much as 40% over several years… unemployment will surge… many state and municipal governments will be forced into default…and the federal deficit will balloon to as high as $1.5 to $2 trillion,” warns Dent.
Shocking Video: The Greatest Stock Market Collapse Since The Great Depression
Read more: Critical Warning from Rogue Economist Harry Dent: “This is Just the Beginning of a Nightmare Scenario as Dow Crashes to 6,000” | Economy and Markets
But investors are finally waking up to the fact that we are in an economic winter. With it comes a whole assortment of problems: sluggish demand, falling commodity prices, and a race to devalue currencies to boost exports at the expense of everyone else.
We should heed his warning. He is renowned for his astounding accuracy; having pinpointed nearly every major economic crash over the past 30 years… including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the impending demise of China and the fracking industry.
In his latest video presentation, Dent further details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.
“Housing prices will start to fall by as much as 40% over several years… unemployment will surge… many state and municipal governments will be forced into default…and the federal deficit will balloon to as high as $1.5 to $2 trillion,” warns Dent.
Shocking Video: The Greatest Stock Market Collapse Since The Great Depression
Read more: Critical Warning from Rogue Economist Harry Dent: “This is Just the Beginning of a Nightmare Scenario as Dow Crashes to 6,000” | Economy and Markets
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