US Economy Is Just One Recession Away From NIRP (RTD Live Talk)

Oct 15, 2019 | News

The United States is just one bad recession away from being right back at zero interest rates or even lower, Larry Summers warned on CNBC on Monday.

“It’s a very different world when everyone’s stuck at zero interest rates,” said Summers, a critic of President Donald Trump who served as former President Bill Clinton’s Treasury secretary and as an economic advisor for former President Barack Obama.

“We’ll have to think about stabilization policy. Institutions are going to have to think about their investment policy in a very different world when we have a black hole, zero interest rate world,” Summers said on “Squawk on the Street.”


0 Comments

Five Reasons to Rethink the Dollar

Start Your Dollarcation With RTD University

Protect your future from market risks with a Self-Directed IRA

Support RTD On Patreon Here:

Get FREE Silver from Quick SIlver

The Most Affordable Gold In The Market—own spendable 24K Gold and secure your wealth!

 

Purchasing Power Matters – Get your shirt today!

Archives

Find out the latest from RTD by joining the mailing list. Your information is 100% confidential.

* indicates required