Apparently Larry Summers doesn't think Donald Trump will be a positive force towards getting America's economy back on track. According to Summers, when he thinks of a Trump presidency, he is frightened: It scares me. I don't know of a greater threat to our prosperity. I think policy would be extremely erratic, I think there are great risks to the global economy from the truculence that would manifest. I think there are great risks even going to the government's credit domestically. I think it would put an uncertainty premium the likes of which we haven't seen before into the markets ... I don't think the U.S. government is meant to be run like a questionable real estate deal. And I think his experience and his way of doing things comes out of his past." Summers was the director of Barack Obama's National Economic Council from January 2009 through the end of 2010. And as we all know, this was a very prosperous time for the U.S....(Read Full Post)