It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
More Quotes from Larry Summers:
In politics, as in poetry, it is sometimes true that it is darkest before dawn.Larry Summers
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
Larry Summers
In this age of electronic money, investors are no longer seduced by a financial 'dance of a thousand veils.' Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.
Larry Summers
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
Larry Summers
It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century.
Larry Summers
You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.
Larry Summers
Readers Who Like This Quotation Also Like:
Based on Topics: World QuotesBased on Keywords: sneezed
Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.
Daniel Yergin
Daffy, of course, wants to go on the journey with him but the studio decides they want Daffy back, so Bugs and a young studio executive heroine have to go out and try to bring him back.
Joe Dante
Do you think that you shall enter the Garden of Bliss without such trials as came to those who passed before you?
Scott Reed