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Why markets are nervously watching the Larry v Janet stoush – The Australian Financial Review
The US sharemarket’s mood is so ebullient that it’s been able to shrug off the onslaught from amateur Reddit traders. But will it be able to withstand the growing…
As a result, he warned, there is the risk of inflation expectations rising sharply.
Summers also pointed out that if Bidens stimulus package is enacted, Congress will have committed 15 per cent of GDP with essentially no increase in public investment.
But Summers pointed out that left the Biden administration with a problem. After resolving the coronavirus crisis, how will political and economic space be found for the public investments that should be the nations highest priority?
As senior Biden…
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