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VOICE ARCHIVE

Lawrence H. Summers

@lhsummers
8 posts
2025-06-06
President @realDonaldTrump's Big, Beautiful Bill will add to the US debt load in a way that will end up undermining the nation's status as the preeminent global power. “This makes us vulnerable. The world's greatest debtor accumulating debt faster than any other country ever
2025-06-06 View on X
CNBC

Trump says Elon Musk “went CRAZY” and that canceling his government contracts is “the easiest way to save money”, as their One Big Beautiful bill feud escalates

Musk has gone to war with Donald Trump.  What happens next? Dan Milmo / The Guardian : Elon Musk signals he may back down in public row with Donald Trump Wired : Elon Musk's Feud W...

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2025-04-09
Developments in the last 24 hours suggest we may be headed for serious financial crisis wholly induced by US government tariff policy.
2025-04-09 View on X
CNN

The White House says that tariffs on China are set to rise to 104% at 12:01am ET on April 9 after China missed Trump's deadline to remove its reciprocal tariffs

President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday …

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2025-04-03
These tariffs are very consequential economic policies. They are consequential for prices, employment, foreign relations and national security. The question is how much damage is going to be done. @business https://www.bloomberg.com/... via @economics
2025-04-03 View on X
CNBC

Tech stocks fall after President Trump announced new global tariffs: Meta drops as much as ~8%, Amazon drops ~7%, Nvidia ~5%, Alphabet ~4%, and Microsoft ~3%

Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced …

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Trump Administration's looming tariff hikes are set to impose an oil crisis-like shock to the economy that shrinks its productive capacity — boosting both prices and unemployment. https://www.bloomberg.com/... via @economics
2025-04-03 View on X
CNBC

Tech stocks fall after President Trump announced new global tariffs: Meta drops as much as ~8%, Amazon drops ~7%, Nvidia ~5%, Alphabet ~4%, and Microsoft ~3%

Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced …

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Never before has an hour of Presidential rhetoric cost so many people so much. Markets continue to move after my previous tweet. The best estimate of the loss from tariff policy is now is closer to $30 trillion or $300,000 per family of four.
2025-04-03 View on X
CNBC

Tech stocks fall after President Trump announced new global tariffs: Meta drops as much as ~8%, Amazon drops ~7%, Nvidia ~5%, Alphabet ~4%, and Microsoft ~3%

Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced …

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2025-03-11
All the emphasis on tariffs and all the ambiguity and uncertainty has both chilled demand and caused prices to go up. We are getting the worst of both worlds - concerns about inflation and an economic downturn and more uncertainty about the future and that slows everything
2025-03-11 View on X
Yahoo Finance

Tech stocks led a broad sell-off: the Nasdaq fell 4%, its sharpest one-day decline since Sept. 2022, with NVDA down 5%, AAPL down 5%, META down 4%, GOOG down 4%

https://www.cnbc.com/... Threads: Vishwanath Sarang Keller / @vishwanathsarangkeller : So much winning! Esther Crawford / @esthercrawford : Looking at the stock market today David ...

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I told @kasie @CNN today, I think there is a real possibility of a recession. I would have said a couple months ago a recession was really unlikely this year. Now, it's probably not 50/50 but getting close to 50/50. There is one central reason. Economic policies that are
2025-03-11 View on X
Yahoo Finance

Tech stocks led a broad sell-off: the Nasdaq fell 4%, its sharpest one-day decline since Sept. 2022, with NVDA down 5%, AAPL down 5%, META down 4%, GOOG down 4%

https://www.cnbc.com/... Threads: Vishwanath Sarang Keller / @vishwanathsarangkeller : So much winning! Esther Crawford / @esthercrawford : Looking at the stock market today David ...

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2023-11-30
I am excited and honored to have just been named as an independent director of @OpenAI. I look forward to working with board colleagues and the OpenAI team to advance OpenAI's extraordinarily important mission. First steps, as outlined by Bret and Sam in their messages, include...
2023-11-30 View on X
The Verge

OpenAI makes Sam Altman's return as CEO official and gives Microsoft a non-voting observer seat on the nonprofit board that controls the for-profit company

Sam Altman is officially OpenAI's CEO again.  —  Just before Thanksgiving, the company said it had reached a deal in principle for him to return, and now it's done.

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