In what can only be described as a screed against the Yellen Fed, L. Summers says the Fed is partaking in a groundhog day scenario and says they need to reverse policy immediately, opting for a much more loosey goosey approach in order to stoke growth.
Essentially, we are Japan and someone else said this long ago.
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Larry Summers is a waste of life. Fire him into the ocean, via catapult.
Exactly. I can’t think of someone with less credibility than Summers. He has been wrong on nearly everything. He is the macro Gartman.
I am sure you’ve been reported to your local magistrates and will soon be extracted for liquidation.
Totally agree, he’s a total fraud.
the market is up since 2013, profits & earnings also up. The fed is doing a good enough job. Raising rates when there is no need to would torpedo both the bond market and stock market and just make everything a mass
A good job creating massive displacements with diminishing-return growth?
Market = ppt = fed surrogate babysitters = only reason indexes kept increasing