Economics
Summers Says Markets Underestimating Risks of Trump Presidency
- Navarro-Ross paper is ‘well beyond voodoo economics’
- Former Treasury Secretary sees ‘extraordinary uncertainty’
Summers: Trump Risk Not Fully Recognized by Markets
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Former U.S. Treasury Secretary Lawrence Summers said investors are being far too sanguine about the risks associated with Donald Trump’s incoming administration.
The Harvard professor, a Democrat who was Treasury chief under Bill Clinton, cited the possibility of protectionist measures by the U.S. as well as changes to foreign policy and domestic social policy as issues that are creating “extraordinary uncertainty.”