Summers: We are on the Foothills of Bubbles

[@bmahoney1568]

Larry’s been smoking a lot of weed these days!!!!

[@Stoneface_]

🤣🤣🤣

[@Skipper_7560]

😂😂😂😂

[@Fgji230]

Lol helps for economists

[@Dr.Weed8]

😂 he sounds like he drank a bunch of cough syrup

[@lakeguy65616]

Interest rates will be higher for longer and so will the rate of inflation be higher than the 2% target.

[@dreamweaver80]

Exactly. And, does anyone really believe the inflation numbers anyway? I mean they are clearly manipulated.

[@dreamweaver80]

This basically means we are screwed. I think the markets are full of a bunch of younger people that think once the Fed cuts rates a little that means we are going back to something like 2% or even lower. that is the crazy part. I mean the lowest I see monetary Fed rate is 3.75 and that is for like a 5-10 years. People need to get use to the era of free money being over.

[@PhillipAnselRitz]

Fed rates can’t go down to 2%. That’s not on the table. 5% seems reasonable for awhile, then maybe 4%. We won’t see 2-3% for a very long time, useless we hit a recession, or reenter globalization (not likely w nationalism)

[@JohnSmith-xc3zu]

Summers is Harvard educated economist, right? If you trade by his predictions so far, you’d be lucky to have anything at all in your trading account.

[@eddiemunster8634]

Yeah harvard has lost a great deal of credibility recently

[@robertplant2059]

he was right about inflation though.

[@eatfastnoodle]

well, bash him all you want, but he was the only prominent insider who called BS on the whole "transitionary" thingy right? literally most people I knew bought hard asset like property then just to hedge what EVERYONE with half ounce of intelligence could have seen was coming: inflation, it was so obvious with the extra Fed printing and extra trillions from the Fed, it's math 1 o 1, yet only he came out and called it out, make you wonder what to believe...

[@peterdangelo5882]

We should have had an adjustment by now. We have not - prices are not coming down. There is a bubble in there and its gonna pop. Always does. However, the longer it goes without correction, the worse the bubble is going to be - just look at the history of the markets. Buckle up.

[@baarbacoa]

If Larry Summers says we are entering bubble territory, it gives me confidence that we aren't.

[@bdek68]

Just accept the reality

[@eh7599]

Lose your money! lol

[@bdek68]

@@eh7599truth hurts😂😂

[@mhpt74]

He was right on inflation a couple of years ago!

[@lemuhuru]

Wha does Cramer say? Thas the real question

[@alexi2460]

Everything is still costly and clearly prices will not come down. Bloomberg in Lala land, there is no calculation in the discussions about the increase in insurance in most states. People are getting poorer, salaries don't keep up with housing cost, rentaling or home ownership.

[@enkhyy]

Please revoke his day-pass and review medications.

[@stephenkenney5708]

Nobody’s ever accused Larry of not being a team player when absolutely necessary!

[@kylebeaton5604]

US has 30 year fixed rates. Europe, UK, Australia all have 3-5 year fixed. The rest of the world does the heavy lifting, Interest rates are less effective in the US, because they only affect home buyers, not home owners.

[@JeremyHelm]

5:55 ol Joe, vigorous and strong. Many plans and ideas, for the benefit of the middle class

[@jolness1]

Glad he touched on the aging populations. They are moving into t bills etc which means less investment capital.

[@skippeel4219]

Larry Summers???!!! Really???!!! You got to be kidding. Larry should have consigned to the trash heap of history long ago. As architect of the 2008 crash, no one should care what he thinks.

[@hodlerguy]

Larry Summers Haze

[@GoogleUser-qp8mb]

Larry said Biden is an energetic man with a plan? Haha He’s smoking DOPE

[@michaelivas3454]

love Larry but he really should cut out the day drinking. The guy was smashed.

[@milosnestorovic1594]

It is Mostly known policy now...known...

[@davetorcan6047]

Summers commented " if Fed has realized". I am not here to defend FED, but I find it to be insulting to FED. I think Summers should go and relax on a island. if you think about this - He thinks FED does not know what he is doing! OMG he thinks Brandon know what is going on Economy.

[@williamandrews781]

All the academics and experts totally ignore the MILLIONS of unemployed illegal immigrants.

[@chri6393]

You should have to list every doom and gloom prediction that never happened made by this clown before letting him speak. Should only take a couple days to say them all

[@royprovins7037]

Just one democrat interviewing another democrat

[@jooky87]

He’s right, neutral (natural) rate is going to remain higher than it has been

[@christiancoronado]

Yes, just look at the stock market. Rates should stay high for the next 2 years

[@sbkpilot1]

agree with him that there are bubbles, BUT bubbles can last for many years... we're in the 1st inning of this cycle and nowhere near the euphoric levels required for a crash but that will come in the next few years, that is simply how cycles work, over exuberance and then a big crash, rinse and repeat. My guess is that we reach 7000 on the S&P 500 then the 40-50% crash to 3500-4000 then a recovery cycle after that.

[@MarekKolenda-cr8vr]

Commercial real estate collapse first and making domino reaction to other sectors economy

[@AH-fm7rj]

I think American investors have not realized how bad the situation in EU is. Surprise😂

[@lakeguy65616]

Raising interest rates high enough to drop inflation back to 2% will drive the interest on the Federal debt to levels unthinkable and perhaps unpayable.

[@hosoiarchives4858]

They will kick the can down the road until the can goes over the cliff

[@tchen61]

interest rate may come down soon because of US deficit, the high interest rate means a lot higher interest rate for government borrowing

[@stevebeckerleg7363]

100% agree. The Fed and other central banks hooked the world on near zero interest rates which resulted in massive public and private deficits which can only be maintained by returning interest rates to near zero. QE will also return massively. Japan is the poster child of where we are heading: 30 years on zero (or below zero) interest rates and the Japanese central bank owning 60% of all Japanese public and private debt and 40% of all Japanese stocks. It all blows up unless interest rates are near zero.

[@latorregolf]

Boomer economists finally getting their comeuppance. What a time to be alive

[@fallen0509]

i started to believe what he was saying until he said Biden was looking strong like a man with a plan then i pressed next.

[@jamesklaatu9359]

Still in the progressive talking points. America be damned...............

[@zxy880329]

lol foothills, we are a foot away from the top

[@scottjackson6817]

Out of touch with Main Street!

[@EnergeticWaves]

sounds ill

[@rollie5579]

The biggest shleprock of them all.

[@69pepe420]

PEPE WILL FLIP DOGE

[@eddiemunster8634]

He seems like a man with a plan? He's reading words written by other people, You have no idea what his plan is

[@JuaqiemMckelvy3214]

His lower teeth need fixing 🤷🏼‍♂️

[@absusup]

Larry is a clown like all economists - this joker was predicting doom last year 😂 always be positive and be happy

[@RobertAllen943]

historically this guy manages to say words without 'saying' anything. He is useless and frankly wrong most of the time.

[@hangender]

Weak hand summers

[@negopokbesd]

ha ha it would be very ugly for the american people

[@davidr4523]

Is Larry Summers okay. Looks like he had a stroke. I hope not since the man is genius.

[@caleb7799]

For fucks sake. Leave the old people alone! Get somebody else to do your analysis. Don’t want to hear Larry no mas!

[@ChuckSilva]

Gr8 reporting-thanks!❤🔥