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Recession More Likely Than Not

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Former U.S. Treasury Secretary Larry Summers on the odds of a recession, China’s “sweaty palms”, Elon Musk and more.
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44 Comments

44 Comments

  1. @joshuamakin8231

    January 9, 2024 at 1:32 pm

    “President Biden has shown wonderful leadership.” Dude threw some funny jokes into his interview, I dig

  2. @derrickmosby6068

    January 9, 2024 at 1:32 pm

    Tuyệt vời cô Mây

  3. @user-wx4nv8xr3d

    January 9, 2024 at 1:32 pm

    this dude is full of crap

  4. @shadowofpain8144

    January 9, 2024 at 1:32 pm

    Been calling recession for a decade
    A quick search how many of these rich asholes calling it a whole decade worth bound to be right sooner or later but it not now but all the talk has and can again cause it.

  5. @nicoj3660

    January 9, 2024 at 1:32 pm

    Funny Trumplicans blaming Biden for gas, inflations, recessions when its actually happening in all countries in the world. BrainIess sheeps.

  6. @arminiuschatti2287

    January 9, 2024 at 1:32 pm

    Why do we see disseminated misery and hardly ever see disseminated prosperity?

  7. @Hello-pl2qe

    January 9, 2024 at 1:32 pm

    "Biden shows good leadership"? Exactly where is that?

  8. @sanbruno6010

    January 9, 2024 at 1:32 pm

    PEACE, CALM, PROSPERITY, BONANZA, HONESTY, FREE THINKING, OPTIMISM

  9. @sanbruno6010

    January 9, 2024 at 1:32 pm

    PEACE, CALM, PROSPERITY, BONANZA, HONESTY, FREE THINKING, OPTIMISM

  10. @joanneagliata1084

    January 9, 2024 at 1:32 pm

    where's all the free food stamps now

  11. @joanneagliata1084

    January 9, 2024 at 1:32 pm

    help were sinking and can get up😂

  12. @joanneagliata1084

    January 9, 2024 at 1:32 pm

    id like to phone a friend
    life alert how may help you
    yes this the us citizens were going fo starve to death 🎉
    cant afford gas to get to work

  13. @boysiedent6149

    January 9, 2024 at 1:32 pm

    WHY SHOOT YOURSELF IN THE HEAD WITH ONEGUN AND ONE BULLET – WHEN YOU CAN SHOOT YOURSELF INTHE HEAD WITH TWO GUNS AN TWELVE BULLETS – YOU ARE NOT HALF AS CLEVER AS YOUR THINK –

  14. @andrewnielsen6498

    January 9, 2024 at 1:32 pm

    Biden hasn't shown leadership on any issue. Summers talks about economic carnage and then throws an obligatory compliment at Biden. Ridiculous.

  15. @nickyc829

    January 9, 2024 at 1:32 pm

    Manything in US can not be solution followed the some party policy will be sink

  16. @tamramoore8377

    January 9, 2024 at 1:32 pm

    Let's not forget that the newly introduced virus only took out people that were already a drain on society. Let's not forget that people that believe dependence on oil is a rape on the planet in the first place and don't participate. Let's not forget that there are people that believe the current economic situation is based of greed and no longer deal with it.
    The only people with a problem to this current situation over the last two years to date is for those that are ignorant.

  17. @user-oj3rk9dg6n

    January 9, 2024 at 1:32 pm

    Yeah screwed the ukranians bring the gas down

  18. @owtlier

    January 9, 2024 at 1:32 pm

    Boooooo more narrative

  19. @mlyman3080

    January 9, 2024 at 1:32 pm

    A

  20. @bluecyclone6318

    January 9, 2024 at 1:32 pm

    Biden price spike and inflation.
    This is what happens when you attack your own domestic oil and gas industry.

  21. @jakw97

    January 9, 2024 at 1:32 pm

    Peter Schiff 101. The conclussions are now almost identical to the austrian, but they cant face the fact of what created it. Its not oil, or Ukraine, or covid. MONEY BEING PRINTED IS NOT BUYING POWER CREATED, ITS INFLATION.

  22. @excellentsmithers6417

    January 9, 2024 at 1:32 pm

    The French election will be rigged.

  23. @joealonzo536

    January 9, 2024 at 1:32 pm

    🧙‍♂You are paying more than double for your gasoline since Joe Biden and the democrats killed the Trump economy; check the price of your food stupid. In addition, all that democrats are doing for the USA economy is just selling weapons to kill people in Ukraine.

    ROME (AP) — Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of the sanctions impose on Russia by the EU and USA the “massive supply disruptions” is, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the United Nations said Friday

  24. @pamelamerfeld7997

    January 9, 2024 at 1:32 pm

    WHAT. BIDEN IS DOING A GREAT. DOES THIS MAN LIVE UNDER A ROCK. INSANE.

  25. @TheBlackAndDeckerBootyWrecker

    January 9, 2024 at 1:32 pm

    Meanwhile, the Russians continue to have "wall-slamming but-schecks" with the West's economy…

  26. @ronlokk

    January 9, 2024 at 1:32 pm

    Yes, time for the U.S. to wake up. It's a real war. forget about the price of gas, the price of stocks. it's a major war, help those in need and watch your back. Europe could be next.

  27. @rodneydowd4739

    January 9, 2024 at 1:32 pm

    Is Larry a member at Augusta? It sounded like he said the course record is 4 strokes lower than his best. Meaning he must play there often…

  28. @wendypatrick2667

    January 9, 2024 at 1:32 pm

    why wont larry say "theres certainty a chance for a great depression"???

  29. @henrygarcia2029

    January 9, 2024 at 1:32 pm

    You all are going to fail and Russia will create a new world order when the world will be a better place to live

  30. @henrygarcia2029

    January 9, 2024 at 1:32 pm

    You are a disgrace to humanity for supporting a war that have caused many damage than good

  31. @quan7773

    January 9, 2024 at 1:32 pm

    this f summer is a friend of biden and is a globalist

  32. @danboyd2725

    January 9, 2024 at 1:32 pm

    This isn't a US only issue. Every Country has issues with inflation currently as the planet recovers from a World Wide Pandemic and demographic issues as the World Wide post WWII population explosion retires and dies off.

    Add to that a Central European War that is threatening to take a third of the planet's grain supply and the 2nd largest oil producer out of global trade

    And let's not forget that E Vehicles are about to throw absolute chaos in the energy markets and Graphene is about to be the biggest change in material science since humanity made the transition from Bronze to Iron.

  33. @ledzepandhabs

    January 9, 2024 at 1:32 pm

    "I think we're gonna need to ratchet it up if we're gonna do grave damage to the Russian economy". This guys language is why a very big chunk of the world is very anti american and is now becoming more and more active in fighting against the US/US dollar. This failure of an economist fails to realize that Russia possesses so many things the world needs and that the debt ridden US cannot replace them, which is why they are immune to western sanctions.

  34. @pernilsson9749

    January 9, 2024 at 1:32 pm

    But dear you,
    Dollar are not hard currensy any more.
    You can see this at Israel.
    You in the US have to go in to activly
    try to distruct the yevish gouvernment by "paying off", to get people to get out of the admin of I.
    I think I fell an ever increaseing "smell" of anti semitism from parts of the US admin, when you activly interfere in Israelian internal affairs in this way.
    Hopefully the US will not try to "start a color revolution" in Jero salem!?

  35. @forcealchemist2603

    January 9, 2024 at 1:32 pm

    It's hilarious how this ghoul points the finger at "overheating wage growth" when the real issue is the zero interest debt that's been handed out to corporate America since the great recession. The zero interest debt was used for years for stock buybacks which allowed corporations to artificially pump up the value of their own stocks and in turn contributed to the largest asset bubble that this country has ever witnessed. The same goes for institutional investors that started to use the zero interest debt to buy up real estate. The massive asset bubble that we're living in is the true driver of inflation and it was due to over a decade of irresponsible monetary policy. Blaming the little guy for asking for a slightly higher wage to be able to survive the inflation is truly on brand for this asshole.

  36. @joshrickards7007

    January 9, 2024 at 1:32 pm

    Summers is a clown 🤡 he has an issue with Donald Trump yet look at the mess we're in now. He should stay in Puerto Rico and shut up. Bloomberg keeps going to him and he's trash

  37. @miketharp4914

    January 9, 2024 at 1:32 pm

    Countries of the world, please give Ukraine nukes so they can end this barberic invasion from Russia. This genocide is evolving just like the Holocaust against the Jewish people. Nations of the world, I beseech you, STOP SITTING ON YOUR HANDS while the Ukrainians are slaughtered.

  38. @billimew7496

    January 9, 2024 at 1:32 pm

    What a waste of time. Instead of saying that we must do something to stop war and help fellow Americans who are desperate for financial helps . but hell no US should spent money to fund the war. There is no lack of clown these days.

  39. @Dwn2Race

    January 9, 2024 at 1:32 pm

    Let’s go Biden!

  40. @ken123432

    January 9, 2024 at 1:32 pm

    Recession is not going to happen anytime soon. Inflation yes ,, and they're the opposite of each other. After inflation and yes. You're trying to skip the inflation part which is about 20% through . NO CHANCE the rest wont keep coming. It's been more then a decade of inflation so far, and we still have at least 15 more years to come.

  41. @georgemaximus694

    January 9, 2024 at 1:32 pm

    Federal reserve vocabulary is inflation is transient and raising rates by soft landing.

  42. @sageopheim8382

    January 9, 2024 at 1:32 pm

    Its hilarious that they talk about the DON when the us was literally better off than ever before. MAYBE LET THEM KNOW ABOUT HOW MUCH THE FAR LEFT HAS SCREWED AMERICA OVER TRYING TO BURN IT TO THE GROUND PRINTING TRILLIONS SENDING $$$ TO UKRAINE MAYBE EVEN COMMITING OVERALL SUICIDE FOR OUR COUNTRY. A bunch of pussies run Wall Street.

  43. @bananarepublic1339

    January 9, 2024 at 1:32 pm

    So western elites rule the world, these elites are largely jews, like Summers, Victoria Nuland and their Jewish Ukrainian oligarchs, Ihor Koloysky and Pres Zelensky. On the other hand you have Putin. This is a war between the Jewish power establishment in the West and the emerging superpower. You cant have biased people being interviewed and be giving their opinion on the direction of a nation, that ends up being the same as propaganda

  44. @mundrakeshav22

    January 9, 2024 at 1:32 pm

    Wasn't he in Goldman Sacs before Hank Paulson ?

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Business

Saudi Aramco Headquarters Hit in Houthi Attack as Iran Escalates Hormuz Ship Strikes

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Saudi Aramco’s headquarters in Dhahran is hit in a Houthi attack, sparking a fire and marking a major escalation against Saudi energy infrastructure. Iran is also intensifying attacks on shipping in the Strait of Hormuz, adding further pressure to regional trade and energy routes.
Donald Trump says the Houthis are trying to push oil prices higher at Iran’s behest and says he is considering joining the Saudi-led campaign.
Asian stocks rise ahead of US inflation data, while Fed official John Williams says he sees no need for further tightening beyond one more rate increase this month.
Bank of America faces potential fines of around $1.2 billion over alleged money-laundering lapses, while an OpenAI employee has been arrested over a hidden recording device.
At the Bloomberg New Economy Forum in India, Marubeni President and CEO Masayuki Omoto discusses the changing global supply-chain map and the impact of the Middle East war on supplies.
DP World CEO Yuvraj Narayan says the impact of the conflict on shipping, inflation and the cost of trade could be significant, while Cisco Chairman and CEO Chuck Robbins discusses technological sovereignty, resilience and growth opportunities across the Middle East and India.
Dangote Refinery profit surges ahead of a planned IPO, while Senegal’s rapid debt-workout plan faces new obstacles and Botswana is said to be nearing agreement on the size of its stake in De Beers.
Elsewhere, Canadian International Trade Minister Maninder Sidhu discusses India-Canada trade ties, while Mubadala Deputy Group CEO Waleed Al Muhairi says Asia could account for 25% of the group’s portfolio by 2031, with South Korea among the markets he sees as well positioned. Guests includes Charu Chanana, Saxo Chief Investment Strategist, Rachel Ziemba, Ziemba Insights Founder, Masayuki Omoto, Marub

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

Chapters:
00:00:00 – Introduction
00:02:25 – Saudi Aramco Headquarters Hit in Houthi Attack
00:06:37 – Charu Chanana, Saxo Chief Investment Strategist
00:13:18 – Masayuki Omoto, Marubeni President & CEO
00:19:53 – Bloomberg NEF Panel on the ‘Middle Power’ Moment
00:27:08 – Chuck Robbins, Cisco Systems Chairman & CEO
00:36:51 – Rachel Ziemba, Ziemba Insights Founder
00:39:16 – Yuvraj Narayan, DP World CEO
00:42:58 – Maninder Sidhu, Canadian International Trade Minister
00:48:07 – Waleed Al Muhairi, Mubadala Deputy Group CEO
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Netflix Brings in New Executive to Spur Growth

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Netflix Inc. is replacing its chief creative officer with Peter Rice, a veteran TV and film executive, as it tries to spur growth and find new hits. He’ll be in charge of scripted and unscripted series, film and live events across all regions. Bloomberg’s Ed Ludlow reports.
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Rethinking America’s Faith in Innovation

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Author Thomas Frank tells Bloomberg This Weekend that America’s celebration of creativity and innovation has helped justify policies that elevated white-collar knowledge work while contributing to inequality and the decline of manufacturing. Speaking with hosts David Gura and Christina Ruffini about his new book, The Creativity Con, Frank argues that innovation is neither uniquely American nor a guarantee of broadly shared prosperity.
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Fighting Inflation | Bloomberg Surveillance 01/26/2024

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern have the economy and global markets “under surveillance”. Their daily conversations with leaders and decision makers from Wall Street to Washington and beyond cover the latest in business, investment, and geopolitics. No other program better positions investors and executives for the trading day.
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Anthropic Should Delay IPO to Address AI Safety Risks, Says NYC Comptroller

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New York City Comptroller Mark Levine is calling on Anthropic PBC to delay its possible initial public offering due to artificial safety concerns. He says the company needs to address safety work and mitigate risks now, before it faces shareholder pressure to perform. He speaks on “Bloomberg Surveillance.”
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