Concern growth is not going to pick up

May 7th, 2015

On Thursday, May 7, 2015, Summers talked with Bloomberg’s Stephanie Ruhl and Erik Schatzker at the Salt Conference in Las Vegas, NV.  They discussed Treasury yields, Europe, China and concerns about growth in the United States.  Summers talked of the “dawning and growing awareness in the market of the idea we may have a chronic excess of savings over investment in the economy — a phenomenon known as secular stagnation.”