View Single Post
  #339  
Old 05-02-2018, 08:16 AM
Chicks Chicks is offline
Senior Member
 
Join Date: Mar 2017
Posts: 13,360
Larry Summers: Trump’s economic growth is 'unsustainable'

https://finance.yahoo.com/news/larry...102705629.html

“What we don’t have is what we’ve always had in the past, which is plenty of room for the Fed to cut rates,” Summer says. “Depending on when it happens, it’s very unlikely that there’s going to be room for the Fed to cut rates by anything like the 500 basis points that’s usually been necessary to restore prosperity. That’s why I’m uneasy that we have a more brittle economy than most people recognize.”


Of course, Summers is a subject matter expert, exactly the sort of person Trumpies like Whell despise.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Reply With Quote