Timothy Sumer

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... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Larry Summers, the former United States Treasury Secretary and renowned economist, recently made headlines when he predicted that the US will enter a recession in the near future. This prediction has caused many to speculate on the likelihood and timing of such an event and its potential consequences for the global economy. Summers' prediction is based on several factors. One is the ongoing trade war between the US and China, which has caused economic uncertainty and disrupted supply chains. Another is the slowing of global growth, particularly in Europe and China. Summers believes that these f...

Former Treasury Secretary Larry Summers joins a panel on CNN Primetime to weigh in on the banking system following the collapse of Silicon Valley Bank, as well as the impact of rising interest rates on bank stability.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Former US Treasury Secretary, Timothy Geithner, recently commented on the issue of bank failure, highlighting the importance of effective regulation and supervision in preventing a financial crisis. Speaking at an event in New York, Geithner discussed the lessons learned from the 2008 financial crisis, which saw the collapse of several high-profile banks, including Lehman Brothers, and triggered the worst global recession since the Great Depression. Geithner explained that the root cause of this crisis was a combination of excessive risk-taking by banks and lax...