Larry Summers Quotes
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Sneezed | World | Caught | Cold | Equally |
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It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
- 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