Former U.S. Treasury Secretary Larry Summers explains why central banks not finishing what they have started in bringing inflation back to Earth would be the “greatest tragedy” for the global economy.
Summers: The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation
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The Great Larry Summers!
Interest rates will still grow and remain high as countries like Canada see their citizens challenged with mortgage renewal get hit with higher rates.
During the pandemic mortgage holders were allowed to defer their payments for six months. This further added interest to the mortgage.
His talking about technology is about concentrated power to reward the ideological faithful and to destroy the unfaithful.
The unfaithful are those typically on the centre right.
Everything we are seeing and witnessing is about ideological control and experimentation.
Soon local governments, those who have the power over property taxation will be allowed to tax you for more than roads, protection and building permits.
Taxing you out of your home will leave you with no choice but to sell your home or have it forfeited to the local taxation authority.
They have all the tools they need to commit crimes against humanity in the name of power.
Where is a proof. Does he have any data to substantiate his claims. No, it’s just an allusion.
Will we have a recession or soft landing BS?
depend on right kind of political and financial foundation. tough call.
Sounds like you need a lot of luck for the last part
The “greatest tragedy” is we can never get rid of the incompetents who created the problems that we have in the economy today, to wit Larry Summers and the former Treasury Secretary Tim Geithner, under the empty suit Obama. Larry knows about the problems because he is the engineer that created them.
The US will have to endure the high inflation rate for a long time
Elites are creating problems then pretending to solve them……..They will never try to solve the real problems of people…They are only interested in more and more money…………..
Why would they need to finish the job?? Like what? Lol more inflation is wild….
They want a Paul Volcker 2.0 …. This recession or at least deflationary period is coming or is already passing through. It looks like big companies are firing people everywhere right now, they’re preparing for something? Even with their historical amounts of cash on hand?