Lawrence H. Summers(@LHSummers) 's Twitter Profileg
Lawrence H. Summers

@LHSummers

Charles W. Eliot University Professor and President Emeritus at Harvard. Secretary of the Treasury for President Clinton and Director of NEC for President Obama

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linkhttp://larrysummers.com calendar_today10-01-2011 20:00:04

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

No question, things are more symmetric now than they were a year or a year and a half ago. Whatever economy patricians may think, the American people are very unhappy with the state of the economy. That's manifest in how they see confidence in institutions. Confidence in our…

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

We basically got an outcome that was closer to the team transitory prediction. Inflation came down with policy. That is what their opponents were insisting on interest rates far beyond what they were recommending, far beyond what the Fed was predicting, as of almost any date in…

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

I’m not really sure we’re a 2%-target-inflation country in any durable sense. To declare that proverbial ‘soft landing’ to have taken place seems to me to be premature. I’d certainly say it looks better and more likely than it did six or eight months ago.
bloomberg.com/news/articles/……

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

I think there's still a risk that the market is probably underestimating: that we're not going to quite make as much progress on inflation as people hope, and there's not going to be quite as much room for Fed easing as people hope.
bloomberg.com/news/articles/… via Bloomberg Economics

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

RIP Robert Solow, a brilliant economist, and a stellar teacher to generations of economists, including me. Perhaps the wittiest great economist and the greatest witty economist. I loved his question to the bloviating financier, 'If you are so rich, why aren't you smart?'

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

Even when elections didn't go my way, I always thought the system was robust and that pendulums swing. I do not feel that way about the prospect of a Trump presidency. I think there is a substantial risk that it would be immensely destructive because it moves the conversation…

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

The current market view that we will have a soft landing and the Federal Reserve will be able to cut rates by 100 basis points over the next year strikes me as possible, but it is not at the centre of my expectations.

Financial Times 's Unhedged newsletter:
ft.com/content/59fff6… via @ft

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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

Another illustration that technologies often take longer to happen than you think they will, and then happen faster than you thought they could. I drove in my first driverless car in San Francisco this week.

Another illustration that technologies often take longer to happen than you think they will, and then happen faster than you thought they could. I drove in my first driverless car in San Francisco this week.
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Lawrence H. Summers(@LHSummers) 's Twitter Profile Photo

Earlier Peterson Institute research shows another way trade restrictions reduce incomes: adding to inflation. Removing Trump's trade war and steel tariffs would reduce inflation by 1.3 percentage points, saving the average US household nearly $800.
foreignaffairs.com/articles/unite… via Foreign Affairs

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