From Nasdaq:

1. Economist Larry Summers predicts the economic policies of presidential candidates in the upcoming election. Summers expects Biden to continue with a Keynesian economic approach, focused on market failures and supporting industries to create jobs. However, he criticizes Biden’s overemphasis on industrial policy and protectionism. Summers generally supports Biden’s activist approach to economic policy.

2. Summers warns of economic threats under a potential second Trump administration, citing Trump’s disregard for the rule of law and international alliances. He expresses concern that a second Trump term will damage America’s moral authority, leading to a less stable world. Summers also cautions the business community against supporting the subversion of American democracy for corporate interests.

3. Discussing the potential impact of a Trump 2.0 presidency, Summers highlights the economic track record, the impact on the global perception of the US, and the potential consequences for the business community. He also voices stronger concerns about ex-president Trump’s involvement in another election compared to other potential candidates.

4. The S&P 500 Index rose nearly 25% in 2023 but has since started the new year on a weak note. The SPDR S&P 500 ETF Trust rose 0.14% at $467.92 but ended down 1.5% for the week. The article also promotes a 14-day trial of Benzinga Professional for investment research and advice.



Read more: Larry Summers Sees Trump 2.0 ‘Very Threatening’ To US Economy: ‘History Will Judge Very Badly Those Who Go Along With The Subversion Of American Democracy’