Talk of recession and mass unemployment is all over the news — and former Treasury Secretary Larry Summers is the chief reason.

Summers on Monday said the U.S. needs several years of high unemployment to get the worst inflation in 40 years back under control.

Put in starker terms, the U.S. would have to endure a second recession in three years and as many as 10 million people would have to lose their jobs.

The views of Summers — one of the most famous economists of his generation, serving in multiple Democratic administrations as well as in the presidency of Harvard University — are being taken very seriously these days. That wasn’t the case last year when he warned the Biden administration that its $1.9 trillion stimulus plan could worsen inflation.

His warnings were brushed off at the time by the White House, the Federal Reserve and most professional economists. No longer.

See Barron’s interview with Summers: ‘We are still headed for a pretty hard landing’

His latest call isn’t making a lot of people happy, though. President Joe Biden, for one, said he spoke to Summers over the weekend and claimed that the longtime Harvard economist had told him a recession is not inevitable.

A lot of Americans would get hurt if Summers is right and high unemployment is needed to beat back inflation. Such a turnabout would undo much of the labor-market gains over the past two years.

The jobless rate recently fell to 3.6% — just a hair above the pre-recession peak — and the U.S. is on track this summer to recover all 20 million jobs it lost in the early stages of the coronavirus pandemic. Wages are rising rapidly, and almost anyone who wants a a job can find one.

A sharp recession — perhaps a deep one — might also be unavoidable.
Investing Insights with Global Context
Understand how today’s global business practices, market dynamics, economic policies and more impact you with real-time news and analysis from MarketWatch.
Subscribe Now: US $1 for 4 Weeks
MarketWatch on Multiple devices

Many liberals on social media have lashed out at Summers, a perennial target of the Democratic Party’s left flank. Among his perceived sins, he has been blamed for negotiating free-trade deals as Treasury secretary during the Clinton administration in whose wake many U.S. companies shifted manufacturing overseas.

Other left-leaning critics said Summers should be one of those millions of Americans who lose their jobs.

For once Republicans were all too happy to cite the longtime Democratic economist, a frequent critic of conservative policies. Republicans stand to recapture the House and even the Senate in the fall, judging from the historical midterm pattern and Biden’s poor poll numbers.

What do professional economists and Wall Street bigwigs say?

Although the U.S. is not doomed to a downturn, the odds of recession are rising fast. Economists polled by the Wall Street Journal now see a 44% chance of recession in the next 12 months. In January only 18% foresaw such a risk.

On Tuesday, 21 June 2022 at 18:56:33 UTC+2, a a wrote:
> Talk of recession and mass unemployment is all over the news — and former Treasury Secretary Larry Summers is the chief reason.
>
> Summers on Monday said the U.S. needs several years of high unemployment to get the worst inflation in 40 years back under control.
>
> Put in starker terms, the U.S. would have to endure a second recession in three years and as many as 10 million people would have to lose their jobs..
>
> The views of Summers — one of the most famous economists of his generation, serving in multiple Democratic administrations as well as in the presidency of Harvard University — are being taken very seriously these days. That wasn’t the case last year when he warned the Biden administration that its $1.9 trillion stimulus plan could worsen inflation..
>
> His warnings were brushed off at the time by the White House, the Federal Reserve and most professional economists. No longer.
>
> See Barron’s interview with Summers: ‘We are still headed for a pretty hard landing’
>
> His latest call isn’t making a lot of people happy, though. President Joe Biden, for one, said he spoke to Summers over the weekend and claimed that the longtime Harvard economist had told him a recession is not inevitable.
>
> A lot of Americans would get hurt if Summers is right and high unemployment is needed to beat back inflation. Such a turnabout would undo much of the labor-market gains over the past two years.
>
> The jobless rate recently fell to 3.6% — just a hair above the pre-recession peak — and the U.S. is on track this summer to recover all 20 million jobs it lost in the early stages of the coronavirus pandemic.. Wages are rising rapidly, and almost anyone who wants a a job can find one.
>
> A sharp recession — perhaps a deep one — might also be unavoidable.
> Investing Insights with Global Context
> Understand how today’s global business practices, market dynamics, economic policies and more impact you with real-time news and analysis from MarketWatch.
> Subscribe Now: US $1 for 4 Weeks
> MarketWatch on Multiple devices
>
> Many liberals on social media have lashed out at Summers, a perennial target of the Democratic Party’s left flank. Among his perceived sins, he has been blamed for negotiating free-trade deals as Treasury secretary during the Clinton administration in whose wake many U.S. companies shifted manufacturing overseas.
>
> Other left-leaning critics said Summers should be one of those millions of Americans who lose their jobs.
>
> For once Republicans were all too happy to cite the longtime Democratic economist, a frequent critic of conservative policies. Republicans stand to recapture the House and even the Senate in the fall, judging from the historical midterm pattern and Biden’s poor poll numbers.
>
> What do professional economists and Wall Street bigwigs say?
>
> Although the U.S. is not doomed to a downturn, the odds of recession are rising fast. Economists polled by the Wall Street Journal now see a 44% chance of recession in the next 12 months. In January only 18% foresaw such a risk.

Jeff Stein
@JStein_WaPo
·
Follow
Larry Summers -- who the president said he spoke with today -- publicly saying a 5% unemployment rate is necessary to combat inflation. To state the obvious, a 5% unemployment rate would mean devastating joblessness for millions of poor American workers

https://www.marketwatch.com/story/recession-millions-of-layoffs-mass-unemployment-larry-summers-forecast-stirs-up-hornets-nest-11655826309

Google spam...

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a a <manta103g@gmail.com> wrote:

> X-Received: by 2002:a5d:604a:0:b0:21b:9517:66eb with SMTP id j10-20020a5d604a000000b0021b951766ebmr6788143wrt.494.1655830588530;
> Tue, 21 Jun 2022 09:56:28 -0700 (PDT)
> X-Received: by 2002:a25:f202:0:b0:65c:b668:5d45 with SMTP id
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> Jun 2022 09:56:28 -0700 (PDT)
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> Subject: =?UTF-8?Q?Recession=2E_Millions_of_layoffs=2E_Mass_unemployment_?=
> =?UTF-8?Q?=E2=80=94_Larry_Summers=E2=80=99_forecast_stirs_up_hornet=E2=80=99s_nest_?=
> From: a a <manta103g@gmail.com>
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> Content-Type: text/plain; charset="UTF-8"
> Content-Transfer-Encoding: quoted-printable
> X-Received-Bytes: 4596
>
> Talk of recession and mass unemployment is all over the news =E2=80=94 and =
> former Treasury Secretary Larry Summers is the chief reason.
>
> Summers on Monday said the U.S. needs several years of high unemployment to=
> get the worst inflation in 40 years back under control.
>
> Put in starker terms, the U.S. would have to endure a second recession in t=
> hree years and as many as 10 million people would have to lose their jobs.
>
> The views of Summers =E2=80=94 one of the most famous economists of his gen=
> eration, serving in multiple Democratic administrations as well as in the p=
> residency of Harvard University =E2=80=94 are being taken very seriously th=
> ese days. That wasn=E2=80=99t the case last year when he warned the Biden a=
> dministration that its $1.9 trillion stimulus plan could worsen inflation.
>
> His warnings were brushed off at the time by the White House, the Federal R=
> eserve and most professional economists. No longer.
>
> See Barron=E2=80=99s interview with Summers: =E2=80=98We are still headed f=
> or a pretty hard landing=E2=80=99
>
> His latest call isn=E2=80=99t making a lot of people happy, though. Preside=
> nt Joe Biden, for one, said he spoke to Summers over the weekend and claime=
> d that the longtime Harvard economist had told him a recession is not inevi=
> table.
>
> A lot of Americans would get hurt if Summers is right and high unemployment=
> is needed to beat back inflation. Such a turnabout would undo much of the =
> labor-market gains over the past two years.
>
> The jobless rate recently fell to 3.6% =E2=80=94 just a hair above the pre-=
> recession peak =E2=80=94 and the U.S. is on track this summer to recover al=
> l 20 million jobs it lost in the early stages of the coronavirus pandemic. =
> Wages are rising rapidly, and almost anyone who wants a a job can find one.
>
> A sharp recession =E2=80=94 perhaps a deep one =E2=80=94 might also be unav=
> oidable.
> Investing Insights with Global Context
> Understand how today=E2=80=99s global business practices, market dynamics, =
> economic policies and more impact you with real-time news and analysis from=
> MarketWatch.
> Subscribe Now: US $1 for 4 Weeks
> MarketWatch on Multiple devices
>
> Many liberals on social media have lashed out at Summers, a perennial targe=
> t of the Democratic Party=E2=80=99s left flank. Among his perceived sins, h=
> e has been blamed for negotiating free-trade deals as Treasury secretary du=
> ring the Clinton administration in whose wake many U.S. companies shifted m=
> anufacturing overseas.
>
> Other left-leaning critics said Summers should be one of those millions of =
> Americans who lose their jobs.
>
> For once Republicans were all too happy to cite the longtime Democratic eco=
> nomist, a frequent critic of conservative policies. Republicans stand to re=
> capture the House and even the Senate in the fall, judging from the histori=
> cal midterm pattern and Biden=E2=80=99s poor poll numbers.
>
> What do professional economists and Wall Street bigwigs say?
>
> Although the U.S. is not doomed to a downturn, the odds of recession are ri=
> sing fast. Economists polled by the Wall Street Journal now see a 44% chanc=
> e of recession in the next 12 months. In January only 18% foresaw such a ri=
> sk.
>
>

Google spam...

--
a a <manta103g@gmail.com> wrote:

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> Tue, 21 Jun 2022 09:56:28 -0700 (PDT)
> X-Received: by 2002:a25:f202:0:b0:65c:b668:5d45 with SMTP id
> i2-20020a25f202000000b0065cb6685d45mr32353284ybe.578.1655830588018; Tue, 21
> Jun 2022 09:56:28 -0700 (PDT)
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> Date: Tue, 21 Jun 2022 09:56:27 -0700 (PDT)
> Injection-Info: google-groups.googlegroups.com; posting-host=46.134.7.46; posting-account=XS5sXwoAAABKU0kHcsk_nashWaidAu0Q
> NNTP-Posting-Host: 46.134.7.46
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> Message-ID: <8682343b-85b3-48fa-a067-e0e553ee395an@googlegroups.com>
> Subject: =?UTF-8?Q?Recession=2E_Millions_of_layoffs=2E_Mass_unemployment_?=
> =?UTF-8?Q?=E2=80=94_Larry_Summers=E2=80=99_forecast_stirs_up_hornet=E2=80=99s_nest_?=
> From: a a <manta103g@gmail.com>
> Injection-Date: Tue, 21 Jun 2022 16:56:28 +0000
> Content-Type: text/plain; charset="UTF-8"
> Content-Transfer-Encoding: quoted-printable
> X-Received-Bytes: 4596
>
> Talk of recession and mass unemployment is all over the news =E2=80=94 and =
> former Treasury Secretary Larry Summers is the chief reason.
>
> Summers on Monday said the U.S. needs several years of high unemployment to=
> get the worst inflation in 40 years back under control.
>
> Put in starker terms, the U.S. would have to endure a second recession in t=
> hree years and as many as 10 million people would have to lose their jobs.
>
> The views of Summers =E2=80=94 one of the most famous economists of his gen=
> eration, serving in multiple Democratic administrations as well as in the p=
> residency of Harvard University =E2=80=94 are being taken very seriously th=
> ese days. That wasn=E2=80=99t the case last year when he warned the Biden a=
> dministration that its $1.9 trillion stimulus plan could worsen inflation.
>
> His warnings were brushed off at the time by the White House, the Federal R=
> eserve and most professional economists. No longer.
>
> See Barron=E2=80=99s interview with Summers: =E2=80=98We are still headed f=
> or a pretty hard landing=E2=80=99
>
> His latest call isn=E2=80=99t making a lot of people happy, though. Preside=
> nt Joe Biden, for one, said he spoke to Summers over the weekend and claime=
> d that the longtime Harvard economist had told him a recession is not inevi=
> table.
>
> A lot of Americans would get hurt if Summers is right and high unemployment=
> is needed to beat back inflation. Such a turnabout would undo much of the =
> labor-market gains over the past two years.
>
> The jobless rate recently fell to 3.6% =E2=80=94 just a hair above the pre-=
> recession peak =E2=80=94 and the U.S. is on track this summer to recover al=
> l 20 million jobs it lost in the early stages of the coronavirus pandemic. =
> Wages are rising rapidly, and almost anyone who wants a a job can find one.
>
> A sharp recession =E2=80=94 perhaps a deep one =E2=80=94 might also be unav=
> oidable.
> Investing Insights with Global Context
> Understand how today=E2=80=99s global business practices, market dynamics, =
> economic policies and more impact you with real-time news and analysis from=
> MarketWatch.
> Subscribe Now: US $1 for 4 Weeks
> MarketWatch on Multiple devices
>
> Many liberals on social media have lashed out at Summers, a perennial targe=
> t of the Democratic Party=E2=80=99s left flank. Among his perceived sins, h=
> e has been blamed for negotiating free-trade deals as Treasury secretary du=
> ring the Clinton administration in whose wake many U.S. companies shifted m=
> anufacturing overseas.
>
> Other left-leaning critics said Summers should be one of those millions of =
> Americans who lose their jobs.
>
> For once Republicans were all too happy to cite the longtime Democratic eco=
> nomist, a frequent critic of conservative policies. Republicans stand to re=
> capture the House and even the Senate in the fall, judging from the histori=
> cal midterm pattern and Biden=E2=80=99s poor poll numbers.
>
> What do professional economists and Wall Street bigwigs say?
>
> Although the U.S. is not doomed to a downturn, the odds of recession are ri=
> sing fast. Economists polled by the Wall Street Journal now see a 44% chanc=
> e of recession in the next 12 months. In January only 18% foresaw such a ri=
> sk.
>
>

Troll Doe stated the following in message-id
<svsh05$lbh$5@dont-email.me>
(http://al.howardknight.net/?ID=164904625100) posted Fri, 4 Mar 2022
08:01:09 -0000 (UTC):

> Compared to other regulars, Bozo contributes practically nothing
> except insults to this group.

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) Troll Doe's post ratio
to USENET (**) has been 62.4% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) Troll Doe has posted at
least 2046 articles to USENET. Of which 173 have been pure insults and
1104 have been Troll Doe "troll format" postings.

The John Doe troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the John Doe troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless John Doe troll has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Tue, 21 Jun 2022 20:24:49 GMT in message-id
<lOpsK.237726$BZ99.81316@usenetxs.com>).

NOBODY likes the John Doe troll's contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that John Doe does not even follow
the rules it uses to troll other posters.

jGvaKJwhGTcN

John Doe stated the following in message-id <svsh05$lbh$5@dont-email.me>
(http://al.howardknight.net/?ID=164904625100) posted Fri, 4 Mar 2022
08:01:09 -0000 (UTC):

> Compared to other regulars, Bozo contributes practically nothing
> except insults to this group.

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe's post ratio to
USENET (**) has been 62.4% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe has posted at
least 2046 articles to USENET. Of which 173 have been pure insults and
1104 have been John Doe "troll format" postings.

The John Doe troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the John Doe troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless John Doe troll has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Tue, 21 Jun 2022 20:24:50 GMT in message-id
<mOpsK.237727$BZ99.128464@usenetxs.com>).

NOBODY likes the John Doe troll's contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that Troll Doe does not even follow
the rules it uses to troll other posters.

fV/gSoIJ6i5m

Eddie, the Astraweb nym-shifting stalker is flagging off-topic posts
with its forgery of my ID, then replies to its own forgery. Strange but true.

Eddie has never posted anything NORMAL except when it got a spanking...

https://groups.google.com/g/sci.electronics.repair/c/MesPLcGU4BE

See also...
Bertrand Sindri <bertrand.sindri yahoo.com>
John Doe <always.look message.header> (Astraweb, Aioe.org)
Peter Weiner <dtgamer99 gmail.com>
Edward H. <dtgamer99 gmail.com>
Edward Hernandez <dtgamer99 gmail.com>

--
John Doe <always.look@message.header> wrote:

> Path: eternal-september.org!reader02.eternal-september.org!news.uzoreto.com!news-out.netnews.com!news.alt.net!fdc2.netnews.com!peer01.ams1!peer.ams1.xlned.com!news.xlned.com!peer02.ams4!peer.am4.highwinds-media.com!news.highwinds-media.com!fx03.ams4.POSTED!not-for-mail
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> Newsgroups: sci.electronics.design,free.spam
> Subject: =?UTF-8?Q?Recession=2E_Millions_of_layoffs=2E_Mass_unemployment_?=
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> Injection-Date: Tue, 21 Jun 2022 16:24:49 -0000 (UTC)
> Injection-Info: reader02.eternal-september.org; posting-host="aefae07b417003b570527823e77a9930"; logging-data="29200"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX18QBXYPJWay5G0R7zD10mjY5gUD5xOvt6I="
> User-Agent: Xnews/2006.08.05
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> NNTP-Posting-Date: Tue, 21 Jun 2022 20:24:49 UTC
> Date: Tue, 21 Jun 2022 20:24:49 GMT
> X-Received-Bytes: 5495
> Xref: reader02.eternal-september.org sci.electronics.design:672265 free.spam:19350
>
> Google spam...
>
> --
> a a <manta103g@gmail.com> wrote:
>
>> X-Received: by 2002:a5d:604a:0:b0:21b:9517:66eb with SMTP id j10-20020a5d604a000000b0021b951766ebmr6788143wrt.494.1655830588530;
>> Tue, 21 Jun 2022 09:56:28 -0700 (PDT)
>> X-Received: by 2002:a25:f202:0:b0:65c:b668:5d45 with SMTP id
>> i2-20020a25f202000000b0065cb6685d45mr32353284ybe.578.1655830588018; Tue, 21
>> Jun 2022 09:56:28 -0700 (PDT)
>> Path: not-for-mail
>> Newsgroups: sci.electronics.design
>> Date: Tue, 21 Jun 2022 09:56:27 -0700 (PDT)
>> Injection-Info: google-groups.googlegroups.com; posting-host=46.134.7.46; posting-account=XS5sXwoAAABKU0kHcsk_nashWaidAu0Q
>> NNTP-Posting-Host: 46.134.7.46
>> User-Agent: G2/1.0
>> MIME-Version: 1.0
>> Message-ID: <8682343b-85b3-48fa-a067-e0e553ee395an@googlegroups.com>
>> Subject: =?UTF-8?Q?Recession=2E_Millions_of_layoffs=2E_Mass_unemployment_?=
>> =?UTF-8?Q?=E2=80=94_Larry_Summers=E2=80=99_forecast_stirs_up_hornet=E2=80=99s_nest_?=
>> From: a a <manta103g@gmail.com>
>> Injection-Date: Tue, 21 Jun 2022 16:56:28 +0000
>> Content-Type: text/plain; charset="UTF-8"
>> Content-Transfer-Encoding: quoted-printable
>> X-Received-Bytes: 4596
>>
>> Talk of recession and mass unemployment is all over the news =E2=80=94 and =
>> former Treasury Secretary Larry Summers is the chief reason.
>>
>> Summers on Monday said the U.S. needs several years of high unemployment to=
>> get the worst inflation in 40 years back under control.
>>
>> Put in starker terms, the U.S. would have to endure a second recession in t=
>> hree years and as many as 10 million people would have to lose their jobs.
>>
>> The views of Summers =E2=80=94 one of the most famous economists of his gen=
>> eration, serving in multiple Democratic administrations as well as in the p=
>> residency of Harvard University =E2=80=94 are being taken very seriously th=
>> ese days. That wasn=E2=80=99t the case last year when he warned the Biden a=
>> dministration that its $1.9 trillion stimulus plan could worsen inflation.
>>
>> His warnings were brushed off at the time by the White House, the Federal R=
>> eserve and most professional economists. No longer.
>>
>> See Barron=E2=80=99s interview with Summers: =E2=80=98We are still headed f=
>> or a pretty hard landing=E2=80=99
>>
>> His latest call isn=E2=80=99t making a lot of people happy, though. Preside=
>> nt Joe Biden, for one, said he spoke to Summers over the weekend and claime=
>> d that the longtime Harvard economist had told him a recession is not inevi=
>> table.
>>
>> A lot of Americans would get hurt if Summers is right and high unemployment=
>> is needed to beat back inflation. Such a turnabout would undo much of the =
>> labor-market gains over the past two years.
>>
>> The jobless rate recently fell to 3.6% =E2=80=94 just a hair above the pre-=
>> recession peak =E2=80=94 and the U.S. is on track this summer to recover al=
>> l 20 million jobs it lost in the early stages of the coronavirus pandemic. =
>> Wages are rising rapidly, and almost anyone who wants a a job can find one.
>>
>> A sharp recession =E2=80=94 perhaps a deep one =E2=80=94 might also be unav=
>> oidable.
>> Investing Insights with Global Context
>> Understand how today=E2=80=99s global business practices, market dynamics, =
>> economic policies and more impact you with real-time news and analysis from=
>> MarketWatch.
>> Subscribe Now: US $1 for 4 Weeks
>> MarketWatch on Multiple devices
>>
>> Many liberals on social media have lashed out at Summers, a perennial targe=
>> t of the Democratic Party=E2=80=99s left flank. Among his perceived sins, h=
>> e has been blamed for negotiating free-trade deals as Treasury secretary du=
>> ring the Clinton administration in whose wake many U.S. companies shifted m=
>> anufacturing overseas.
>>
>> Other left-leaning critics said Summers should be one of those millions of =
>> Americans who lose their jobs.
>>
>> For once Republicans were all too happy to cite the longtime Democratic eco=
>> nomist, a frequent critic of conservative policies. Republicans stand to re=
>> capture the House and even the Senate in the fall, judging from the histori=
>> cal midterm pattern and Biden=E2=80=99s poor poll numbers.
>>
>> What do professional economists and Wall Street bigwigs say?
>>
>> Although the U.S. is not doomed to a downturn, the odds of recession are ri=
>> sing fast. Economists polled by the Wall Street Journal now see a 44% chanc=
>> e of recession in the next 12 months. In January only 18% foresaw such a ri=
>> sk.
>>
>>
>
>
>

Eddie, the Astraweb nym-shifting stalker is flagging off-topic posts
with its forgery of my ID, then replies to its own forgery. Strange but true.

Eddie has never posted anything NORMAL except when it got a spanking...

https://groups.google.com/g/sci.electronics.repair/c/MesPLcGU4BE

See also...
Bertrand Sindri <bertrand.sindri yahoo.com>
John Doe <always.look message.header> (Astraweb, Aioe.org)
Peter Weiner <dtgamer99 gmail.com>
Edward H. <dtgamer99 gmail.com>
Edward Hernandez <dtgamer99 gmail.com>

--
John Doe <always.look@message.header> wrote:

> Path: eternal-september.org!reader02.eternal-september.org!news.uzoreto.com!news-out.netnews.com!news.alt.net!fdc2.netnews.com!peer03.ams1!peer.ams1.xlned.com!news.xlned.com!peer03.ams4!peer.am4.highwinds-media.com!news.highwinds-media.com!fx03.ams4.POSTED!not-for-mail
> From: John Doe <always.look@message.header>
> Newsgroups: sci.electronics.design,free.spam
> Subject: =?UTF-8?Q?Recession=2E_Millions_of_layoffs=2E_Mass_unemployment_?=
> Followup-To: alt.test.group
> References: <8682343b-85b3-48fa-a067-e0e553ee395an@googlegroups.com>
> Injection-Date: Tue, 21 Jun 2022 16:24:49 -0000 (UTC)
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>
> Google spam...
>
> --
> a a <manta103g@gmail.com> wrote:
>
>> X-Received: by 2002:a5d:604a:0:b0:21b:9517:66eb with SMTP id j10-20020a5d604a000000b0021b951766ebmr6788143wrt.494.1655830588530;
>> Tue, 21 Jun 2022 09:56:28 -0700 (PDT)
>> X-Received: by 2002:a25:f202:0:b0:65c:b668:5d45 with SMTP id
>> i2-20020a25f202000000b0065cb6685d45mr32353284ybe.578.1655830588018; Tue, 21
>> Jun 2022 09:56:28 -0700 (PDT)
>> Path: not-for-mail
>> Newsgroups: sci.electronics.design
>> Date: Tue, 21 Jun 2022 09:56:27 -0700 (PDT)
>> Injection-Info: google-groups.googlegroups.com; posting-host=46.134.7.46; posting-account=XS5sXwoAAABKU0kHcsk_nashWaidAu0Q
>> NNTP-Posting-Host: 46.134.7.46
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>> Message-ID: <8682343b-85b3-48fa-a067-e0e553ee395an@googlegroups.com>
>> Subject: =?UTF-8?Q?Recession=2E_Millions_of_layoffs=2E_Mass_unemployment_?=
>> =?UTF-8?Q?=E2=80=94_Larry_Summers=E2=80=99_forecast_stirs_up_hornet=E2=80=99s_nest_?=
>> From: a a <manta103g@gmail.com>
>> Injection-Date: Tue, 21 Jun 2022 16:56:28 +0000
>> Content-Type: text/plain; charset="UTF-8"
>> Content-Transfer-Encoding: quoted-printable
>> X-Received-Bytes: 4596
>>
>> Talk of recession and mass unemployment is all over the news =E2=80=94 and =
>> former Treasury Secretary Larry Summers is the chief reason.
>>
>> Summers on Monday said the U.S. needs several years of high unemployment to=
>> get the worst inflation in 40 years back under control.
>>
>> Put in starker terms, the U.S. would have to endure a second recession in t=
>> hree years and as many as 10 million people would have to lose their jobs.
>>
>> The views of Summers =E2=80=94 one of the most famous economists of his gen=
>> eration, serving in multiple Democratic administrations as well as in the p=
>> residency of Harvard University =E2=80=94 are being taken very seriously th=
>> ese days. That wasn=E2=80=99t the case last year when he warned the Biden a=
>> dministration that its $1.9 trillion stimulus plan could worsen inflation.
>>
>> His warnings were brushed off at the time by the White House, the Federal R=
>> eserve and most professional economists. No longer.
>>
>> See Barron=E2=80=99s interview with Summers: =E2=80=98We are still headed f=
>> or a pretty hard landing=E2=80=99
>>
>> His latest call isn=E2=80=99t making a lot of people happy, though. Preside=
>> nt Joe Biden, for one, said he spoke to Summers over the weekend and claime=
>> d that the longtime Harvard economist had told him a recession is not inevi=
>> table.
>>
>> A lot of Americans would get hurt if Summers is right and high unemployment=
>> is needed to beat back inflation. Such a turnabout would undo much of the =
>> labor-market gains over the past two years.
>>
>> The jobless rate recently fell to 3.6% =E2=80=94 just a hair above the pre-=
>> recession peak =E2=80=94 and the U.S. is on track this summer to recover al=
>> l 20 million jobs it lost in the early stages of the coronavirus pandemic. =
>> Wages are rising rapidly, and almost anyone who wants a a job can find one.
>>
>> A sharp recession =E2=80=94 perhaps a deep one =E2=80=94 might also be unav=
>> oidable.
>> Investing Insights with Global Context
>> Understand how today=E2=80=99s global business practices, market dynamics, =
>> economic policies and more impact you with real-time news and analysis from=
>> MarketWatch.
>> Subscribe Now: US $1 for 4 Weeks
>> MarketWatch on Multiple devices
>>
>> Many liberals on social media have lashed out at Summers, a perennial targe=
>> t of the Democratic Party=E2=80=99s left flank. Among his perceived sins, h=
>> e has been blamed for negotiating free-trade deals as Treasury secretary du=
>> ring the Clinton administration in whose wake many U.S. companies shifted m=
>> anufacturing overseas.
>>
>> Other left-leaning critics said Summers should be one of those millions of =
>> Americans who lose their jobs.
>>
>> For once Republicans were all too happy to cite the longtime Democratic eco=
>> nomist, a frequent critic of conservative policies. Republicans stand to re=
>> capture the House and even the Senate in the fall, judging from the histori=
>> cal midterm pattern and Biden=E2=80=99s poor poll numbers.
>>
>> What do professional economists and Wall Street bigwigs say?
>>
>> Although the U.S. is not doomed to a downturn, the odds of recession are ri=
>> sing fast. Economists polled by the Wall Street Journal now see a 44% chanc=
>> e of recession in the next 12 months. In January only 18% foresaw such a ri=
>> sk.
>>
>>
>
>
>

John Dope stated the following in message-id
<svsh05$lbh$5@dont-email.me>
(http://al.howardknight.net/?ID=164904625100) posted Fri, 4 Mar 2022
08:01:09 -0000 (UTC):

> Compared to other regulars, Bozo contributes practically nothing
> except insults to this group.

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope's post ratio
to USENET (**) has been 62.7% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope has posted at
least 2072 articles to USENET. Of which 173 have been pure insults and
1127 have been John Dope "troll format" postings.

The John Doe troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the John Doe troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless John Doe troll has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Tue, 21 Jun 2022 23:23:04 -0000 (UTC) in message-id
<t8tjso$s6u$13@dont-email.me>).

NOBODY likes the John Doe troll's contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that Troll Doe does not even follow
the rules it uses to troll other posters.

SuWsksiR6Icz

John Dope stated the following in message-id
<svsh05$lbh$5@dont-email.me>
(http://al.howardknight.net/?ID=164904625100) posted Fri, 4 Mar 2022
08:01:09 -0000 (UTC):

> Compared to other regulars, Bozo contributes practically nothing
> except insults to this group.

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope's post ratio
to USENET (**) has been 62.7% of its posts contributing "nothing except
insults" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope has posted at
least 2072 articles to USENET. Of which 173 have been pure insults and
1127 have been John Dope "troll format" postings.

The John Dope troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn't even know how to format a USENET post...

And the John Dope troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

> The reason Bozo cannot figure out how to get Google to keep from
> breaking its lines in inappropriate places is because Bozo is
> CLUELESS...

And yet, the clueless John Dope troll has itself posted yet another
incorrectly formatted USENET posting on Tue, 21 Jun 2022 23:23:20 -0000
(UTC) in message-id <t8tjt8$s6u$14@dont-email.me>.

This posting is a public service announcement for any google groups
readers who happen by to point out that Troll Doe does not even follow
the rules it uses to troll other posters.

f6ttBE8OQNKR