Summers probably focused on the decline, 2 million unemployed

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Former Treasury Secretary Lawrence Summers, the United States is likely that as the tariff increases on the train, as the tariff increases on the train, warned that a recession of 2 million Americans.

“This is more likely to be a recession – and we will see that an additional 2 million people will be unemployed in the context of a recession,” Sunmers Bloomberg TV Wall Street Week With David Westin. “We will see $ 5,000 or more dollars per household.”

President Donald Trump made a “very important choice” on tariff plans, “Harvard University, Professor of Harvard and Bloomberg TV. “It will be smart to redeem the announced policies,” he said.

Financial markets “Incredible clarity”, broadcasts on the effects of tariffs, the sundlar said that the shares are based on any headings and retrieval news.

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“Most likely, in the context of a recession, it reaches significantly reaching the levels of markets in the level,” he said. “I would be surprised if the bottom is still in relation to this stage and markets,” he said.

The US economic crisis has had another negative impact on which the wider budget deficit includes. “There will be material distress to higher risk companies and the global economy that will affect higher risk countries.”

Market ‘Alarm’

In connection with the financial crisis in connection with the financial crisis in connection with the financial crisis, the financial crisis is 2007-09 Meltdown, the so-called plumbing of this system is working in connection with the financial crisis. Deputy Treasury Secretary Michael Faulkender, previously not “obstacles”, despite the market volatility.

“I am less concerned about the internal integrity of the markets than I send markets than I am less concerned about the integrity of the markets – this is one of the excitement.” In the absence of some corporate governance and academic leaders, the markets said that the markets are “an important signal as where the work goes.”

For the first time, the United States faces a decline caused by its policy. “There is nothing that causes this challenge in the outside world. President Trump and his leadership are associated with the words and deeds,” he said. “I do not know what is a historic precedent on what is done now.”

“If the government supports political mistakes,” it would be a fundamental norm in the economy, “he said.

‘B’ student

“There is nothing complicated about it,” he said. This, “Entrance Economy”, in the middle class, cloudy, uncertainty, damaged enterprises and lowered the economy down. “Any ‘B’ will know that this is a shock that increases the price of the answer and increases unemployment.”

This will be very expensive for the US and the world economy, if Washington returns to the level of war before the War of War. ” “Losses to markets, if all this is carried out, the stock market would be a lot of trillion dollars. And only measures a very small part of the economy from such policies.”

This story was first displayed Fortune.com

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