Transcript Slide 1

Old Truths for a New
Economy
September 6, 2012
London Stock Exchange
Lawrence H. Summers
Charles W. Eliot University Professor, Harvard
University
The Profile of Recession and Recovery
Source: NIESR
GDP Recovery Since Mid-2009
Source: Krugman
“Conservative bankers regard it as more
consonant with their cloth, and also as
economising thought, to shift public
discussion of financial topics off the
logical on to an alleged ‘moral’ plane,
which means a realm of thought where
vested interest can be triumphant over
the common good without further
debate.”
- John Maynard Keynes, A Tract on Monetary Reform
CUKT1U10 Curncy (UKT CDS USD SR 10Y)
GUKG10 Index (UK Govt Bonds 10 Year Note Generic
Bid Yield)
GUKG10 Index (UK Govt Bonds 10 Year Note Generic Bid Yield)
CUKT1U10 Curncy (UKT CDS USD SR 10Y)
GUKG10 Index (UK Govt Bonds 10 Year Note Generic Bid Yield)