Meanwhile our resident economic genius?

Started by Sheepy, October 16, 2022, 12:40:23 PM

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Borchester

Quote from: Sheepy on October 16, 2022, 12:40:23 PM
Larry Summers says U.K. debt market stress could be the 'tremor' signaling global economic 'earthquake' (msn.com)
How does high interest rates cure any of the things as listed, so why he is saying they will?

"Summers said that the combination of rising interest rates, a strong dollar shortages of energy and food, geopolitical tensions and the challenges of climate change "means somebody should be proposing something substantial here and moving it along." 

About the only cliche Summers seems to have missed is please adjust your dress before leaving this urinal. 
Algerie Francais !

Sheepy

Just because I don't say anything, it doesn't mean I haven't noticed!