Former Treasury Secretary, Lawrence Summers, must’ve bee seething in his office earlier this morning. He might’ve been reading over some hawkish Fed comments, regarding how the economy was ready for higher rates and how it’d be cool to diverge from the rest of to world because American exceptionalism.
But Larry wasn’t in the mood. He intercommed his secretary and told her ‘no fucking calls’, then proceeded to type feverishly on his iPhone 4, into his Twitter app, to make the case against higher rates.
BHOLD.
Shots fired. The ball is in your court, Chair Yellen.
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Must be long and unhedged.
you’re quoted on MarketWatch
Lawrence just playing his part in this theatrical production…His bag of werthers has been delivered