Found 220 article(s) for author 'Lawrence Summers'

What history tells us about Trump’s budget fantasy

What history tells us about Trump’s budget fantasy. Lawrence Summers, May 30, 2017, Opinion, “At the risk of beating a dead horse, here are some thoughts on the Trump administration’s 3 percent growth forecast. Zero interest rates seemed inconceivable 15 years ago, and yet they happened. Almost no one forecast the productivity boom that took place in the United States between 1995 and 2005 or the magnitude of the 2008 financial crisis. So any statement that a given forecast is inconceivable is unwarranted.Link

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Trump’s “China deal” is only a good deal for China

Trump’s “China deal” is only a good deal for China. Lawrence Summers, May 24, 2017, Opinion, “The events of the last week have crowded out reflection on economic policy. But things have been happening. Commerce Secretary Wilbur Ross described the trade deal reached with China earlier this month as “pretty much a herculean accomplishment….This is more than has been done in the history of U.S.-China relations on trade.”Link

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‘Secular Stagnation’ Even Truer Today

‘Secular Stagnation’ Even Truer Today. Lawrence Summers, May 25, 2017, Opinion, “Larry Summers is doubling down on his secular-stagnation hypothesis. The Harvard economist and former Treasury secretary first offered the bleak diagnosis in November 2013 at an International Monetary Fund conference. The U.S. and much of the rest of the world, he suggested, was suffering from a chronic shortage…Link

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Larry Summers Sees More Downside Risks

Larry Summers Sees More Downside Risks. Lawrence Summers, April 12, 2017, Video, “Former U.S. Treasury Secretary Lawrence Summers said that while it’s difficult to call a market top, valuations have gotten ahead of the economy in recent months. “I’m not sure that I see what in the economy would justify a market move of the magnitude we’ve seen in the last months,” Summers said in an interview Wednesday on Bloomberg Television. “It wouldn’t surprise me if people look back and see that there was a bit of a sugar high in some of the valuations that we’re seeing.”” Link

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Larry Summers: Charlie Rose

Larry Summers: Charlie Rose. Lawrence Summers, March 31, 2017 , Video, “Larry Summers is President Emeritus of Harvard University. He served as Treasury Secretary under President Clinton and as Director of President Obama’s National Economic Council. He joins us to talk about the economic policies of President Donald Trump.Link

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Optimism over Trump a ‘sugar high’ with no signs of 3-4% economic growth, Larry Summers warns

Optimism over Trump a ‘sugar high’ with no signs of 3-4% economic growth, Larry Summers warns. Lawrence Summers, March 30, 2017, Video, “The highest consumer confidence reading in more than 16 years and the postelection stock market rally may not translate into more robust economic growth, former Clinton Treasury Secretary Larry Summers told CNBC on Thursday.Link

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Larry Summers is worried about ‘enormous damage’ to the economy

Larry Summers is worried about ‘enormous damage’ to the economy. Lawrence Summers, February 27, 2017, Video, “Former Treasury Secretary Larry Summers had strong words for the economic policies and the rhetoric coming from the Trump Administration. In a wide-ranging interview in his offices at Harvard University, Summers called the new administration’s pronouncements on trade for instance “wildly irresponsible” and “potentially very dangerous.” ” Link

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