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I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

- Roger Altman
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Roger Altman
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Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully.

Safer cities generally mean stronger urban economies.

The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.

Russia's oil fields are mature and require capital and Western technology even to keep production flat.

When Xi Jinping came to power, there were a series of hints that market-based capitalism would be allowed to move forward under his leadership. At the first real threat, they've fallen over themselves to impose government control.

The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.

The more Mr. Putin extends the fighting in eastern Ukraine, the more the financial markets will ratchet up their own pressure on Russia.

There are a lot of anachronisms in Washington, but the need to periodically raise the debt limit by Congressional vote is certainly one of them.

The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.

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I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.

I don't think there's a more battle-hardened veteran anywhere than Larry Summers.