Posted on 10/05/2016 10:36:54 AM PDT by Lorianne
Former U.S. Treasury Secretary Lawrence Summers floated the idea of continuous purchases of stocks as a potential ingredient in a recipe for the developed world to strengthen economies struggling with subdued growth and inflation.
Among the proposals that deserve "serious reflection" is the purchase of a "wider range of assets on a sustained and continuing basis," Summers said in a lecture at a Bank of Japan conference in Tokyo on Friday. "I'm not prepared to make a policy recommendation at this point," he told reporters later.
Summers, who also served as a top economic adviser to President Barack Obama, reiterated his concerns about "secular stagnation," where trend economic growth rates have been reduced and neutral interest rates are lower than historic norms. To the extent that low neutral rates are in part the consequence of investors preferring fixed-income assets and steering clear of riskier options, policy makers can combat that by buying risk assets, he said. ...
... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-09-30/summers-floats-idea-of...
Dear Larry, I have some Solyndra Shares to sell you for your personal account.
His knowledge of women’s math aptitude would suggest that he be taken seriously.
Leverage your country one stock at 8a time.
I believe this is exactly what Karl Marx “suggested” also.
We’re never going to go back to solid Economic principles again, are we?
They’re going to eff around with the Economy and our cash until we’re ALL destitute...except, of course, for the Banksters and those holding high political offices.
*SPIT*
I’m glad I’ve planned ahead using good Old Fashioned Buy and Hold strategies and diversification.
We’re So Screwed.
The word you are looking for is “Fascism.”
When you buy stock, you buy partial ownership in the company.
He’s talking about nationalizing industries. How Progressive of him.
But the feds have already been doing this quietly, supporting Obama, contrary to what Yellen and her supporters at FT times say
This is a fascist bailout of stocks
More epic fail from Summers, one of the men behind the curtain, who thinks he is smarter than the Market, yet who will ultimately be proven wrong in the upcoming greatest financial train wreck of all time.
He is another one who should appear in front of a Nuremberg style commission, to be convened after the collapse, in order to hear a recounting of his high crimes, arrogance and stupidity, to be judged, followed by a judicial hanging.
This is all about campaign contributions. You give— the government props up you stock for a while. I am convinced the feds buy stocks every day NOW!!!They do it in the name of stability but they sneak a few in for their buddies. Why is this not forbidden?
Indeed, price setting of companies and goods is Marxist. Might as well call it North Korea Kim Summers.
“It is not stock manipulation when we do it! “
BUMP!
They do. Market volumes have been all time low for
past 8 weeks yet increasing. It speaks manipulation and many believe the Feds quantitative easing is now done with a secret agreement with Goldman Sacks to use the money to buy stocks. Hence the money never goes for real shovel investments but for market manipulation.
Yeah, none of this works. Japan is at 250% GDP in debt with no end in sight in its economic crash
Any doubt that the the democrat party isnt the new national socialist democrat party?
This is the new NAZI party. It is headed by George Soros. After all, he would know first hand how to form it.
This is insane.
They’ve been foing this via QE, now they want to make the profits fr the state.
Private money will flee the markt becauseit will be rigged
Thanks ... I knew it began with F for sure
Government taking partial control of private enterprise and then sharing in the profits and having a say in the direction of the firm is the economic model that is properly called FASCISM.
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