#LARRYSUMMERS News
AI may be on its way to your doctor’s office, but it’s not ready to see patients
latimes.com What use could healthcare have for someone who makes things up, can’t keep a secret, doesn’t really know anything, and, when speaking, simply fills in the next word based on…
What does Silicon Valley Bank’s collapse mean for the financial system?
economist.com T . Gradually, then suddenly. That is how Silicon Valley Bank ( ), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position…
Wall Street could be just 2 weeks away from a giant market crash, says ‘Dr. Doom,’ who predicted the 2008 crash
yahoo.com A failure to reach a deal to raise the debt ceiling before next week’s “hard deadline” will trigger a market crash, Wall Street’s “Dr. Doom” has warned. More from Fortune: 5…
‘Dr. Doom’ Nouriel Roubini says failure to raise debt ceiling would cause a market crash
fortune.com A failure to reach a deal to raise the debt ceiling before next week’s “hard deadline” will trigger a market crash, Wall Street’s “Dr. Doom” has warned. Roubini Macro…
Republicans might be more vulnerable to inflation because of negative views on the economy
fortune.com If you feel strongly about the economy one way or the other, it may have as much to do with your political affiliation as what the economic data actually shows. Negative or…
Why Nasdaq 100 Futures Are Slipping Monday
benzinga.com Market sentiment seems to have soured following last week's strong performance by the major averages on hopes of a debt deal. Futures trading indicated a modestly lower open…
Larry Summers Says GOP Lawmakers Walking Out Of Debt Limit Talks Is 'Part Of Playbook:' Why 14th Amendment Not 'Right Tactic'
benzinga.com The debt ceiling stalemate continues as Republican lawmakers walked off the discussion table on Friday only to join back in the evening. President Joe Biden and Treasury…
Carl Icahn bet on America to fail. Instead he lost $9 billion
yahoo.com In 2021, Warren Buffett wrote in his closely-watched annual shareholder letter to “never bet against America,” and the recent experience of fellow billionaire investor Carl…
How deep is the rot in America’s banking industry?
economist.com B confidence trick. Financial history is littered with runs, for the straightforward reason that no bank can survive if enough depositors want to be repaid at the same time.…
Will The U.S. Economy Pull Off a ‘Soft Landing’? And When Will We Know?
nytimes.com At first, Covid-19 dealt a hammer blow to the U.S. economy. America lost 22 million jobs between February and April of 2020. And many analysts worried that the pandemic…
Peter Thiel Appeared To Meet With Jeffrey Epstein, Report Says
forbes.com Billionaire Paypal and Palantir co-founder Peter Thiel may have had multiple meetings with late convicted sex offender Jeffrey Epstein almost a decade ago, the New York…
Larry Summers says the debt limit fight could shave $6 trillion from U.S. markets
fortune.com The government’s debt ceiling standoff is a dangerous and needless game akin to walking on a busy street with our eyes closed, while putting Americans’ entire livelihoods at…
'Soft landing' narrative takes shape in post-pandemic US economy
reuters.com AMELIA ISLAND, Florida, May 18 (Reuters) - The pummeling taken by bank bond portfolios during more than a year of rising interest rates fueled worries this spring after the…
Goldman Sachs Strategist Sees S&P 500 Profits Surging 30% On AI Boost Over Next Decade
benzinga.com Goldman Sachs Group Inc GS is of the view that artificial intelligence could help boost S&P 500 profits in the next 10 years. "Over the next 10 years, AI could increase…
The Putrid Underbelly Of Woke Capitalism
zerohedge.com The Putrid Underbelly Of Woke Capitalism Authored by Michael Rectenwald via The Mises Institute, Corporate intrigue reached a fevered pitch on May 6, 2023, in Omaha,…
VC Benchmark Q1 2023
theventure.city It is often darkest before the dawn. As you will read, startup fundraising fell across the board, few geographies and stages were spared. We can attribute this to many…