Summers Expects a Long Winter | Forex Factory

  • Summers Expects a Long Winter

    From marctomarket.com

    After having been considered to head of both the Federal Reserve and the Bank of Israel earlier this years, Lawrence Summers has been propelled back into the center of the broader economic dialogue with a speech at a recent IMF Economic Forum. Essentially his argument is deceivingly simple and straight forward. The natural or neutral interest rate, which is needed to achieve full employment is below zero. Given the relationship between labor force growth and the natural rate of interest, the demographic outlook suggests that negative interest rates may be necessary for a prolonged period. Moreover, for the past ... (full story)

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Trader#10B9
Nov 19, 2013 1:49pm
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I wish, I wish, that I could trade against Summers somewhere in the pits. I might even come across Geithner one day. Blowing "bubbles" obviously kept Summers out of the Fed job, you not supposed use to use that word (bubbles), Larry. Next thing, Summers, Bernanke, Yellen, et al will be nominated for the Nobel economics prize. Joe Public must pay the bank for holding his cash?

And these below ZIRP idiots are running the global economy. So help us all.
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Freevestor
Nov 19, 2013 2:48pm
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It's like Groundhog Day! But for the economy...
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