Former Treasury Secretary Larry Summers says the consensus on inflation last year was wrong, and that conventional forecasting models need to be evaluated. He says more interest rate hikes are needed to tame inflation. #CNN #News
Larry Summers responds to Janet Yellen’s admission on inflation
What a joke there’s no Justice in DC
We don’t need someone who makes mistakes in that position
Pretty sure a mistake like that at work would cost you your job, just saying
Yeah, right. Expecting no inflation following more than 10 years of next to zero prime interest rates.After more than a couple of years, even a blind man could see it coming. Most Americans sacrificing for the top couple of percents wealth accumulation.
“Tous Pour UN et UN pour Tous !”
Joke Biden: Inauguration: ➤ January 20, 2021 👴💤
Janet Yellen: Assumed office: ➤ January 26, 2021
*Remember! Remember! The 8th of November!*
There is a “consensus” on Climate Change as well. And they are wrong too.
I hope you move to Florida this summer.
*The FED has lost it and the sad fact is, it’s pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can’t afford to feed their families, things might get ugly*
The very first time I saw recommendations about Glenn, thought it was bots. I decided to try him with a spare and he delivered lI’m currently growing my Bitcoin portfolio under his management.
Access to a good information is what the investors needs to progress financially and in life. Here is a good one and I’m grateful.
@coda creator So, I agree, but we def need to not be capitalistic. We would HAVE to be a hard-working socialist country.
GAAAHH!!!! More crypto adBS Get off the comments and pay for your ads like anyone else!!!!
What good will lifting tariffs on China do? They have as many people in lockdown as the US has people. Lifting a tariff on something you can’t get anyway seems senseless.
That sounds like a reasonable resignation letter.
Larry Summers: Early Life. Janet Yellen: Early Life. Robert Reich: Early Life.
I see a pattern.
How about mistakes you made Mr. Summers during the GFC. It was just the usual give ‘Trickle-down’ corporate welfare free money to the most wealthy and let everyone else suffer.
Damn right you were wrong. YOUVE BEEN WRONG ABOUT EVERYTHING YOUVE DONE.
Did he really say inflation has only gone up 4-6%!?! In what dinosaur food?
There must be age limit and cognitive evaluations for all appointed and elected government positions.
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” – John Maynard Keynes
“De l ethique Protestante et de L Esprit du Capitalisme” Max Weber .
“L Offrre , cree , La Demande” Jean – Baptiste Say .
“Pro bonno publicco”
Some of us have been saying this for a while and CNN called us conspiracy theorist. More proof that todays conspiracy is tomorrows CNN headline.😂😂
!nfowars has been saying it for like 14 months 😆
I wish I was a fly inside of a laptop!
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”- John Maynard Keynes
CNN could have checked the comments section to see that she was wrong lol
Yet she’s pushing ESG and wonders why energy prices are through the roof!!!!!
When you have fed employees and chair buying stocks and enriching themselves, you will never have a system with the nation’s interest a priority.