Larry Summers warns we could be at the 'most dangerous financial moment' since 2009

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Larry Summers warns we could be at the 'most dangerous financial moment' since 2009
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Larry Summers warned earlier this week that we could be at the 'most dangerous financial moment' since 2009.

The global financial crisis, which began in 2008, became the worst economic disaster since the Great Depression.

Analysts at Goldman Sachs said Monday they do not expect the world's two largest economies to reach an agreement over trade before the 2020 election. As a result, the investment bank is projecting two more rate cuts this year, in September and October.

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