07 June 2020

Larry Summers: Torn Asunder In A Tumultuous Week

Fundamental constraints on the economy have not changed

June 5 -- Lawrence H. Summers, former U.S. Treasury Secretary, says that the rebound in U.S. hiring in May does not change the fundamental constraints on the economy. 
He cautions that the bounce-back in the labor market could reflect earlier optimism rather than current conditions

He joins David Westin for an exclusive take on "Bloomberg Wall Street Week."

THE INCREDIBLE AMERICAN CONSUMER...“there is no way to know when this phantom debt could create substantial problems.”

A payment method that some call ‘phantom debt’ just hit a new record Last Updated: Jan. 6, 2024 at 1:42 p.m. ET First Published: Jan. 4, 202...