Famed economist Larry Summers issues dire inflation warning to Americans after Trump's White House win — 3 ways to help protect yourself in 2025

[22lcidw]

Vague response providing insufficient information.

You ph uked with people with the inflation you caused.

 

[Woodznutz]

I'll prosper if Trump's inflation causes interest rates to remain or go higher.

 

[mikegriffith1]

Famed economist Larry Summers issues dire inflation warning to Americans after Trump's White House win — 3 ways to help protect yourself in 2025​

MSN

www.msn.com

Larry Summers knows a thing or ninety about our economics and economy

Inflation is rising again, and yields are dropping. Trump's tariffs and his strike at immigrant work force will send prices higher. "“I just do not get the logic of these policies and make no mistake, this is a regressive tax on American consumers,” he added.

Speaking at a New York Economic Club in November last year, Summers cautioned that Trump’s tariff policies could drive inflation even higher than the levels triggered by his predecessor’s actions.

We will be fine, because we have been learning, planniong, and implimenting money strategies since we were twenty. In the early years, we ate plenry of rice and beans, drank a lot of ice water, and have always saved and invested.

Prepare yourselves.

Oh, boy. Larry Summers is only a "famed economist" among liberals.

Just curious: When Biden extended and expanded Trump's tariffs on China just a few months ago, did Summers issue this same dire warning?

 

[John Edgar Slow Horses]

That’s because there is no logic behind what Trump is doing – tariffs aren’t going to bring back jobs or decrease prices.

The inflation started by Trump and Xi? Yes, I am quite glad Biden got it down.

 

[John Edgar Slow Horses]

Wasn't he in the Clinton Admin? How is inflation rising? I thought Biden had inflation under control???

It did come down, and then at the beginning of Trump's term, it has started up again.

 

[DonGlock26]

It did come down, and then at the beginning of Trump's term, it has started up again.

Well, that's Biden's fault then.

 

[SassyIrishLass]

It did come down, and then at the beginning of Trump's term, it has started up again.

Inflation isn't going to suddenly go up in 30 days. Stop being ridiculous

 

[Independent thinker]

Famed economist Larry Summers issues dire inflation warning to Americans after Trump's White House win — 3 ways to help protect yourself in 2025​

MSN

www.msn.com

Larry Summers knows a thing or ninety about our economics and economy

Inflation is rising again, and yields are dropping. Trump's tariffs and his strike at immigrant work force will send prices higher. "“I just do not get the logic of these policies and make no mistake, this is a regressive tax on American consumers,” he added.

Speaking at a New York Economic Club in November last year, Summers cautioned that Trump’s tariff policies could drive inflation even higher than the levels triggered by his predecessor’s actions.

We will be fine, because we have been learning, planniong, and implimenting money strategies since we were twenty. In the early years, we ate plenry of rice and beans, drank a lot of ice water, and have always saved and invested.

Prepare yourselves.

Trump isn't going to have 26% inflation like Biden did.

 

[Independent thinker]

Ten of the last eleven recessions began under a Republican administration. It is nearly guaranteed (91%) that we will see a recession in by 2028.

Ummmmmmmmmmmmmm, do you even understand what you posted? Yes, Republicans often inherit the mess left behind by democrats and a recession will probably happen this time too.

 

[Independent thinker]

That’s because there is no logic behind what Trump is doing – tariffs aren’t going to bring back jobs or decrease prices.

Well, we do know for sure that what Biden and the democrats did led to 26% inflation.

 

[John Edgar Slow Horses]

Well, that's Biden's fault then.

Nope, his policies are hurting Americans already.

 

[John Edgar Slow Horses]

Trump isn't going to have 26% inflation like Biden did.

He will have far too much.

You can forget Biden. It's Trump that will be held accountable.

 

[John Edgar Slow Horses]

Ummmmmmmmmmmmmm, do you even understand what you posted? Yes, Republicans often inherit the mess left behind by democrats and a recession will probably happen this time too.

You have it backwards as usual. GOP always does.

 

[Independent thinker]

He will have far too much.

You can forget Biden. It's Trump that will be held accountable.

In case you haven't heard yet, Trump is prohibited by the Constitution from serving more than two terms. It's Trump getting whatever he wants for the next four years. It's going to be a very long 47 months.

 

[Independent thinker]

You have it backwards as usual. GOP always does.

I was responding to the poster who said a recession always starts immediately after a Republican takes the White House after a democrat. It doesn't take a genius to figure out why that is.

 

[John Edgar Slow Horses]

In case you haven't heard yet, Trump is prohibited by the Constitution from serving more than two terms. It's Trump getting whatever he wants for the next four years. It's going to be a very long 47 months.

Only Justice is the law, not Trump. Yes, he is going to be far unhappy.

 

[Independent thinker]

Only Justice is the law, not Trump. Yes, he is going to be far unhappy.

But but but, you guys said that Trump wasn't going to listen to the courts.

 

[John Edgar Slow Horses]

But but but, you guys said that Trump wasn't going to listen to the courts.

I said he was lying.

 

[Independent thinker]

I said he was lying.

So, you're saying that he will listen to the courts.

 

[odanny]

We are officially living in Clown World now.

Economists are now only uncertain as to how extensive the damage will be.

"This is going to harm our economy long bere there will be any retaliation, and there will be retaliation." Larry Summers

Start a trade war first by digging a large hole and jumping in it.