Larry Summers: US economy could hit an ‘air pocket’ in the coming months

CNNBusiness/Alicia Wallace/3-6-2023

cartoon of lemming going over a cliff, one has a gold parachute“And for the US economy, it could likely mean a ‘Wile E. Coyote moment,’ Summers said, referencing the cartoon canine’s relentless — yet futile — pursuit of the speedy Roadrunner off a cliff and into mid-air. Gravity could eventually win out.”

USAGOLD note: Summers sticks with his recession call. “Hope for the best but plan for the worst, I think is the right advice,” says Summers.

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