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Balloon Animals
The good vibes on Wall Street engendered by last week's "Goldilocks" jobs report are set for a gut c
What Fed presidents said at Friday’s get-together at the National Association of Business Economics in New Orleans sounds like they aren’t thinking about backing off on rate increases.
At the same conference, Larry Summers also spoke. He does NOT think the economy will return to the low-interest-rate environment, saying “my guess is we will not return to the era of secular stagnation” once inflation has been tamed.
Here’s a reference to a Bloomberg vid interview he had with Bloomberg.
https://www.bloomberg.com/news/videos/2023-01-06/larry-summers-predicts-tumult-for-markets-in-2023