Former Treasury Secretary Larry Summers tells CNN's Wolf Blitzer why he believes it's "more likely than not" the US will face a recession and when he thinks it will happen. #CNN #News
Hear when Larry Summers thinks the US will enter a recession
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I’ve been in a recession the last year 😂
@OJ’s 94 Bronco maybe you should live within your means. I agree we’re in a recession, but 4K and you can’t get by? How is this possible?
@BP’s oh I can live like an extra $75 a week after all my bills lol we got politicians making $40 million in their lifetime but guys like me and you make 40 Grand a year $50,000 a year
@BP’s I agree. With housing costs, gas, food, insurance, utilities, etc,,, being super cheap these days, how someone can’t support a family on 1,000 a week is beyond me.
@Bob Cob I get 1900 a month and pay $814 for health insurance. I realize I don’t have any loans on anything and taxes, food and utilities is all I really have. Now a married couple who has a mortgage car payments and 3-4 kids are surely feeling a lot more pain. Probably not making near as much as 4K because they’re young. It will make them stronger and better off in the long run. Like when I had a trailer to live in with 2 kids, because interest was 18%, but it was a very good lesson to learn how to manage our money.
@OJ’s 94 Bronco I agree that’s wrong with politicians and what they get away with. Just remember envy is a very bad trait and don’t let it get to you. Do the best you can and be proud of what you can contribute. Help your fellow man if you can, it will reward you with respect. Like I told someone else I don’t know your circumstances and I apologize, because I do not know yours either.
We are in a recession.
@BizzMoneyB we’ve already had 2 negative quarters. 🤦
@Sebastion Shultz And we need very high gas oil and electricety prices,so people stop weasting energy!
@Bruno Heggli oh sounds like you should be in office with the clowns then since you think like them bc honestly sounds like you live on cloud 9 brother I feel bad for you’re kin
@Bruno Heggli you’re not wrong we do waste to much fossil fuel or more like burn too much but has nothing to do with the country turning over so bad That I’m stressing to feed my family ignorance is bliss homie
@BizzMoneyB We are in a recession. The economy is suffering. You must live on another planet.
Not even a nice try.
Everyone knows we’re already in a recession. I’m just curious how you all plan to spin this next quarter?
The Jones Act has been a problem for a long time. Congress needs to act but they are controlled by money not what is best for America.
Because it’s already in a recession.
Doesn’t that just keep family’s from being able to do something
The best thing this administration could do, to curb inflation, is to resign en masse.
LMAOOOOO … Chump and the GOP cannot even run a corner lemonade stand.
@Corey Ham I’m sure you have enjoyed these last two years. Record inflation, gas prices, food prices, crime and a wide open border. Let’s see if we can double down for the next two years and really drive a stake through the heart of this economy! 👍
Aren’t we already in a recession with over 20% drop in the stock market for a over 6 months now and counting?!
You aren’t supposed to say that here lol
The Stock market is not a gauge for the economy
the fed should’ve been raising rates earlier instead of giving president biden a honeymoon period.
It always amazes me how all these people come out of the woods with all this insight after they’ve left office. Simply amazing isn’t it???
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I like to eat icecream!
Interesting: a recession only happens when the Fed calls it a recession. Wow — this guy is talking about deregulating nail salons???
Recession is a defined term .. your feelings do not change that definition. We’re heading that way, yes. So is the rest of the world, parts of it are already there. This is not a red or blue debate, it’s a world wide crisis.
without the comma: “when next year will start, I don’t feel confident…”
This is nothing new to me I have been in a recession my whole life and I am 58 years old so this doesn’t even affect me I go by life day by day but once the corporate greed and the capitalizing on certain situations ceases the country will always be in a financial downturn to the poor All the rich do is fee the poor fee the poor
We’re already in a recession.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then.
There’s a decline in my port_folio. lost over 12 thousand this week alone. Can you link me up with your handler?
My Financial Advisor is Wendy Helene Bennett I found her on a CNBC interview where she was featured and reached out to her. I basically follow her market moves and haven’t regretted doing so, She is quite popular, You can google search her name to reach her
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
You should randomize the time between your “replies.” They look like they are spaced by the amount of time it would take to switch between accounts. Pretty clever, Wendy. I’m not going to report it, after all, caveat emptor, eh? And a gal has to make a buck.
It cracks me up when people predict outcomes that typically reoccur as part of a cycle.
2:04 The car was going 200 mph when Trump left office. Zero percent interest rates, jacked up stock market, everybody flipping houses, etc. It was fun but it was unsustainable. That’s why Fed Chairman Powell started hitting the brakes hard after Trump left. Powell wanted to hit the brakes in 2019 but Trump wouldn’t let him. Trump would have fired Powell in a heartbeat if he didn’t keep interest rates low while Trump was in office, and continue with the quantitative easing, which kept money flowing into the stock market.
Gosh, we’re going to save the economy by not requiring licenses for beauticians and other pesky regs? Who knew?!