Trump Has Been Lucky So Far With The Economy – Obama Treasury Secretary

Trump Has Been Lucky So Far With The Economy - Obama Treasury Secretary jack lew
Business

Ex Treasury Secretary Jack Lew stated that US President Trump has been benefiting from luck so far with the economy — and he advised that at times, luck runs out.

In an interview at the Politico Money podcast, Lew said the global economy had incredibly endured the first year of Trump’s presidency compared to number of years under President Barack Obama, who had appointed him to his past post.

“They have had lots of luck all he while,” Lew said. “We, in our first few years and for a long time, there was a crisis that gushed that you just had to correct.”

Read alsoRECESSION IN NIGERIA WILL SOON END

Lew, who also became Obama’s chief of staff between 2012 and 2013, said different external issues could alarm the economy and markets — Trump’s proponent trade policies, military opposition with North Korea, more federal deficits — that since haven’t made a dent.

“The world’s on the edge at the moment but is not overcoming most of those issues,” Lew told Politico. “The question is what will happen if one of those crises really switches from being potential to real.”

In addition to discussion on the global economy, Lew also flashed back at the 2016 election, stating that he “had a terrible feeling before the election” and recounting speaking to Treasury Department staff the next day.

“Many them who were younger than me had not been through crushing election outcomes,” he said. “And the country survived and we endured and the pendulum swung back. You take two steps forward and take one step back.”

You can listen to full the interview on iTune here

 

Credit: Business Insider

5.7 Magnitude Earthquake Hits Taipei
Global
5.7 Magnitude Earthquake Hits Taipei

We got a report an earthquake reaching up to 5.7 on the Richter scale hit some parts of Taipei on Wednesday afternoon (Jan 17), according to the government, with many witnesses reporting buildings rocking in downtown Taipei. Taiwan’s mountainous Beitou District suffers most from this hit as the earthquake struck …

BITCOIN WARNING - Your Wallet May Be Emptied And Not Be Revoked, Here's How To Prevent It
Business
BITCOIN WARNING – Your Wallet May Be Emptied And Not Be Revoked, Here’s How To Prevent It

Bitcoin investors are being advised about the danger from hackers focusing on cryptocurrency exchanges Bitcoin prices never stops to fluctuate, with the value of the cryptocurrency falling since the time it hit a record high of above £14,000 last December. And as people continue to rush in to invest in …

Robots and Artificial Intelligence Will Replace Majority Of The Jobs In The Nearest Future
Business
1
Robots and Artificial Intelligence Will Replace Majority Of The Jobs In The Nearest Future

Future governments in Britain will require policies to regulate the threat of robots replacing half of the country’s jobs presently done by humans, a report has warned. Growth in robotic technology and artificial intelligence (AI) imply that in the next 10 to 20 years, 44 percent of jobs may be …

Share
Protected by Copyscape Relay Vibes - Blog Directory OnToplist.com top blog sites
top blog sites Blog Directory