Gold News Hubb
Advertisement Banner
  • Home
  • News
  • Gold Mining
  • Contact
No Result
View All Result
  • Home
  • News
  • Gold Mining
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home News

Summers sees ‘tumult’ in 2023 with reckoning for bond market

admin by admin
January 16, 2023
in News


Bloomberg/Chris Antsey/1-6-2023

“Former Treasury Secretary Lawrence Summers warned that the assumption embedded in the bond market that the era of low interest rates — anchored by disinflationary pressures — is coming back is likely to be wrong.’I suspect tumult” for markets in 2023, Summers told Bloomberg…. ‘This is going to be remembered as a ‘V’ year when we recognized that we were headed into a different kind of financial era, with different kinds of interest-rate patterns.’”

USAGOLD note: Many on Wall Street think the factors that held down inflation in the past will return. Summers says “those assumptions are likely to be wrong,” and explains why at the link. “I’m not sure that continued strength points to a softer landing, rather than pointing to even a harder landing when things re-equilibrate,” he says. Summers is a former secretary of the Treasury and White House economics advisor.

Share

This entry was posted in Today’s top gold news and opinion. Bookmark the permalink.



Source link

Previous Post

Gold Refinery in India

Next Post

US Monthly Budget Deficit Up 299% Year on Year in December

Next Post

US Monthly Budget Deficit Up 299% Year on Year in December

Recommended

Is it a good time to buy physical gold?

4 months ago

Chicago Fed’s Evans Says It’s Time to Slow Pace of Rate Hikes

3 months ago

© 2022 Gold News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Gold Mining
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Gold Mining
  • Contact

© 2022 Gold News Hubb All rights reserved.