I should add that Robert Summers was the father of #larrysummers and in my humble opinion much the better economist of the two!
I can remember the estimable #charlesgoodhart warning people about this in the early days of #bankofengland independence. But what did he know about anything compared to #larrysummers or #edballs ?
#charlesgoodhart #bankofengland #larrysummers #edballs
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July - Larry Summers, the American economist and former U.S. Treasury Secretary, believes... - https://news.bitcoin.com/economist-larry-summers-urges-fed-to-consider-half-point-rate-increase-in-july/ #formeru.s.treasurysecretary #benchmarkinterestrate #marketexpectations #overheatingeconomy #renownedeconomist #cmefedwatchtool #federalreserve #larrysummers #centralbank #fomcmeeting #uncertainty #economics #inflation
#inflation #economics #uncertainty #fomcmeeting #centralbank #larrysummers #federalreserve #cmefedwatchtool #renownedeconomist #overheatingeconomy #marketexpectations #benchmarkinterestrate #formeru
Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary - Former Treasury Secretary Lawrence Summers has expressed concerns that a rising nu... - https://news.bitcoin.com/growing-links-between-middle-east-russia-china-pose-huge-challenge-for-us-warns-former-treasury-secretary/ #growingrelationsrussiachina #dollardominance #lawrencesummers #saudiiranchina #larrysummers #saudiarabia #middleeast #economics #russia #china #opec
#OPEC #china #russia #economics #middleeast #saudiarabia #larrysummers #saudiiranchina #lawrencesummers #dollardominance #growingrelationsrussiachina
https://yewtu.be/watch?v=RyIeC21XeLs
🙂 #JonStewart v 🤮 #LarrySummers GO
"But the “moral hazard” argument is different here ... even the tech companies that make up a large part of #SVB’s depositors can’t be expected to be experts in bank balance sheets"
Wait
What?
Tech companies founded with the mechanisms of edge-case financial processes completely unavailable to 99% of Americans don't have Chief Financial Officers or accountancy firms that can read a bank balance sheet and understand what it means?
Not buying it for one second
That's quite true
The problem is that #LarrySummers is always one of the go-to "pundits" who's never allowed to fade back into the irrelevance he deserves
#Motherboard : More People Must Lose Jobs to Fight Inflation, Larry Summers Bravely States From Tropical Beach https://www.vice.com/en_us/article/qjkq4v/larry-summers-bravely-says-other-people-must-lose-more-jobs-to-fight-inflation #unemployment #LarrySummers #Inflation #Technews #Economy
#motherboard #unemployment #larrysummers #inflation #technews #economy
The former Treasury Secretary, speaking from a beach, praised the Federal Reserve for having "come around" to the view that unemployment must rise.
https://www.vice.com/en/article/qjkq4v/larry-summers-bravely-says-other-people-must-lose-more-jobs-to-fight-inflation
#Technews #Economy #Inflation #unemployment #LarrySummers
#technews #economy #inflation #unemployment #larrysummers
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud - Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX t... - https://news.bitcoin.com/former-us-treasury-secretary-larry-summers-compares-ftx-collapse-to-enron-fraud/ #larrysummerssambankman-fried #sambankman-fried #ftxclassicfraud #larrysummersftx #ftxbankruptcy #larrysummers #regulation #ftxlehman #ftxenron #ftxfraud #ftx
#ftx #ftxfraud #ftxenron #ftxlehman #regulation #larrysummers #ftxbankruptcy #larrysummersftx #ftxclassicfraud #sambankman #larrysummerssambankman
@kwun The easy response is to note that pretty much any conclusion reach by #LarrySummers is going to be wrong. In a larger sense, it seems to be a comparison of the dotcom bubble versus companies that got an overly enthusiastic boost from the #COVID pandemic. Look at Zoom Video Communications. Same story. In these cases, it's a question of quality of leadership and management. Peleton and Pets.com are apples and oranges.
@kwun I'm of the opinion that #LarrySummers is an old gasbag that the economics profession left behind 25 years ago.