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The next economic crisis Larry Summers is worried about
The next economic crisis | Larry Summers | GZERO World
April 06, 2023
On GZERO World, Ian Bremmer and former US Treasury Secretary Larry Summers discuss the policy response to the recent banking crisis involving Silicon Valley Bank and the Biden administration's actions.
Summers rates the government's move to step in and guarantee depositors in SVP positively but expresses concern over the high cost of the SVB bailout.
He also worries about the real estate sector, particularly the office building sector and corporate lending to mid-size businesses.
Watch the GZERO World episode: The banking crisis, AI & Ukraine: Larry Summers weighs in
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Can a war-torn Lebanon disarm Hezbollah, end Israel’s occupation of its southern territory, and reclaim control of its future? Beirut-based journalist Kim Ghattas joins Ian Bremmer on GZERO World.
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Explosions take place on the deck of the Greek-flagged oil tanker Sounion on the Red Sea, in this handout picture released August 29, 2024.
Houthi Military Media/Handout via REUTERS
The Houthis attacked two Saudi oil tankers in the Red Sea today as part of a blockade on shipping to and from Saudi Arabia through the Bab el-Mandeb Strait
The World Health Organization said this week that 80% of the confirmed cases are coming from unknown chains of transmission
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