Ex-Treasury secretary: US being treated as ‘problematic emerging market’

Apr 9, 2025 - 18:01
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Ex-Treasury secretary: US being treated as ‘problematic emerging market’
Former Treasury Secretary Larry Summers said Wednesday that the U.S. is being treated as a “problematic emerging market.” “Long-term interest rates are gapping up, even as the stock market moves sharply downwards. This highly unusual pattern suggests a generalized aversion to US assets in global financial markets,” Summers said in a Wednesday morning thread on…

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