Larry Summers warns that the risks building in the market look similar to the onset of the Great Financial Crisis as volatility in the UK threatens to spread globally

Quick Summary:

"In the same way that people became anxious in August of 2007, I think this is a moment when there should be increased anxiety," Summers said.

She doubled down on her plan and resisted calls for scaling back the new fiscal policy in an interview with the BBC on Thursday.

Currencies are under pressure around the world," Truss said, arguing that her tax plan is not to blame for the recent volatility.

Read Quick SummarySave Time

or

Article Details

Category: Economy

Markets: United States

Topics: Larry Summers Stock Market Inflation MI Exclusive Interest Rates Markets Stock Market Analysis Stock Market Outlook Volatility

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 18:51:47 (4 months ago)

News Timezone: GMT -5:00

Ranking: #1923 (out of 3346 stories this day)

News Source URL: markets.businessinsider.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 624947

View Article Analysis

About Business Insider

Main Topics: EconomyBusiness

Official Website: businessinsider.com

Update Frequency: 64 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

Publisher Details

Frequently Asked Questions