I’m not a big fan of Larry Summers more on style points as he comes off as pedantic and long winded but I have to admit he makes a lot of sense here. There is a big difference in investing between wishing what you would like to see happen and what will probably happen. In this case the oil and gas infrastructure and broadband are getting built out in spite of all the things in the Obama administration does to derail it as opposed to support it.
Why Larry Summers sees danger ahead for the economyShare on Facebook Share on Twitter Share on LinkedIn Share via Email More Options Resize Text Print Article Comments 10By Lori Montgomery November 18 at 5:23 PM Former Treasury Secretary and former Obama economic adviser Larry Summers at a recent panel discussion in Washington. Andrew Harrer/BloombergLike British Prime Minister David Cameron, Larry Summers sees warning lights flashing on the worlds economic dashboard. Summers, who served through 2010 as President Obamas top economic adviser and was Treasury Secretary under Bill Clinton, said America should be acting now to shore up its economy, instead of celebrating its status as the healthiest patient in the global economic sick ward.
via Why Larry Summers sees danger ahead for the economy – The Washington Post.