Larry Summers
speaker
12 appearances
1 recordings
1 series
first heard Apr 2025
last heard Apr 2025
Larry Summers’s voice in public audio — every appearance, attributed to the second.
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Appearances
Look, I think there's a very good chance there's going to be more turbulence in markets.
And people ought to just be very cautious.
that is likely to have very adverse consequences, I think it's likely to make things very difficult.
And I think people are right to hold off on making big new purchases.
Businesses are right to be cautious.
People are right to want to hold cash.
What we need is a reversal of these policies.
And until we have a reversal, I think we're going to have a real problem.
The intellectually honest ones know that this reflects presidential 40-year fixation, not any kind of proven economic theory.
This is the economic equivalent of what creationism is to biology or what ending vaccines is to medicine.
Is there pain in the market at some point or unwilling to tolerate this idea of a Trump put?
Is there a threshold?
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