'“The United States is, today, an underlying 4.5-5% inflation country,” Summers said, speaking via video link at the start of the two-day Caixin Asia New Vision Forum in Singapore.'
-
US Economy Remains ‘Very, Very Hot,’ Larry Summers Says, June 12, 2023
'..Canada .. the economy is running too hot.'
-
Bank of Canada Upends Markets by Boosting Policy Rate to 4.75%, June 7, 2023
Context (Global Stagflation) - 'Europe .. food price caps .. the worst cost of living crisis for a generation.' - 'US inflation Set to Stay Firm..'ECB may need to keep raising rates beyond summer, Nagel says, June 5, 2023
Lagarde Says Inflation Is Strong, ECB to Hike Further, June 6, 2023
Summers Sees Higher Fed Interest Rates, Increased US Taxes, May 31, 2023
Jerome Powell Faces Lowest Public Confidence for Fed Chairman on Record, Gallup Says, May 9, 2023
(Global Stagflation)(Inflation out of control) - Inflationary Psychology Has Set In. Dislodging It Won’t Be Easy.'Inflationary Psychology is Embedded' - '..global central banking inflationist experiment. This exercise has failed..'