Last Thursday, the Wall Street Journal (WSJ) released an opinion piece titled “Growth Is on the Ballot”. The WSJ Editorial Board began the article with this quote from Lawrence Summer, former advisor to President Obama:
Q3 hedge fund letters, conference, scoops etc
“If [Donald Trump] were elected, I would expect a protracted recession to begin within 18 months. The damage would in all likelihood be felt far beyond the United States.”
The goofiness of Mr. Summers statement is now well-established. The question here is: Is growth on the ballot? Could this statement turn out to be as incorrect as Mr. Summers? [Hint: the answer is no to the latter and yes to the former.]
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