Summers on the China Slowdown | Wall Street Week 08/18/2023

On this edition of Wall Street Week, Chris Ailman, CalSTRS CIO and Sonal Desai, Franklin Templeton Fixed Income CIO tell us why they believe the US consumer might weaken. Steve Rattner, Willett Advisors CEO and Lawrence H. Summers, Former Treasury Secretary explain why we might be in a goldilocks moment with inflation and Greg Taxin, Spotlight Advisors Managing Member explains the goals of activist investing.
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[Muller_Andr]

A weaker dollar is inevitable. China being part of BRICS will do any thing to make the dollar weaker to improve their economic situation and aid the importation of commodities into the country.

[randalnelson]

Now this is the Larry summers I been looking for, very informative on bonds today

[edmundlively]

We will never make ecologic progress if we keep rebuilding ecologically sensitive areas such as the Mississippi Delta and the Hawaiian Islands. We don't need to rebuild Maui we need to get those people a home in Arizona or Nevada where there's plenty space for people. Taxpayers should pay for their relocation to less ecologically sensitive areas

[cortlandjdmayberryshraderm]

All due respect and no matter how we slice it the federal budget must be balanced and start paying down the national like in the very late 1990s even if it means studying and perhaps replicating those balanced budgets and replicating the same we must go into a whatever-it-takes mode. On a happier note it's always a delight to see flashbacks of mr. Louis Ruchauser

[dassa]

The one month T-bill is 5.66% The T-bill market is in Backwardation indicating the underlying asset, the dollar will decline in value.

[titusp]

Steve Rattner understands China and economics much better than summers (more political)

[nickthegreek]

Only Larry Summers is available for this kind of analysis please? any

[seanyun]

AGAIN AND AGAIN EVEN IF THERE ARE HUGE ECONOMIC CRISIS > AS I'VE SAID MANY TIMES ALREADY THAT US FED CANNOT DO ANYTHING BUT JUST KEEP INCREASING INTEREST RATES TO QUELL THE DEBT