Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an interview Read more
Tag: Summers
Larry Summers says U.K. debt market stress could be the ‘tremor’ signaling global economic ‘earthquake’
Former Treasury Secretary Larry Summers was one of the first prominent economists to warn that federal policymakers were underestimating the threat of persistent inflation, and today he is worried about Read more
U.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
““A currency crisis in a reserve currency could well have global consequences. I am surprised that we have heard nothing from the IMF.”” — Larry Summers, former U.S. Treasury secretary Read more
Larry Summers predicted inflation, but now he’s looking on the bright side
““I would give you one very simple economic truth: Would you rather live in a country that capitalists are rushing to go into, or would you rather live in a Read more
Larry Summers says the Fed ‘let us down quite badly,’ is wrong about economy
The Federal Reserve “lost its way” last year as inflation gripped American households and still isn’t being realistic about the impact it will have on the economy, ex-Treasury Secretary Larry Read more
I want year-round outdoor living — dry summers and no snow — on $4,000 a month. Where should I retire?
I’m a single 54-year-old female looking to retire in the next 10 years, but looking to move to my future retirement spot during the next two years. I love dry Read more
Larry Summers doubles down, says steep joblessness needed to beat inflation
Former U.S. Treasury Secretary Larry Summers is defending his comments from last month in which he claimed that millions of Americans may need to lose their jobs in order for inflation to come under Read more