In this age of electronic money, investors are no longer seduced by a financial 'dance of a thousand veils.' Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.
More Quotes from Larry Summers:
I know the coaches that went (to Norfolk State) have good work ethic and they don't accept anything but perfection. They've had two weeks to prepare for this game, so we're looking for anything they can throw at us, trick plays and all.Larry Summers
The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.
Larry Summers
You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.
Larry Summers
Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
Larry Summers
There probably won't be a chest bump, probably a handshake. I'm not mad or angry at Coach Pete because this is a business. Whenever the opportunity comes to improve yourself, you have to take advantage. There's no animosity towards Coach Pete.
Larry Summers
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
Larry Summers
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Based on Topics: Finance Quotes, Money & Wealth QuotesBased on Keywords: precipitously, veils
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