Larry Summers

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Larry Summers, the former US treasury secretary under Bill Clinton and White House adviser to Barack Obama, was in Trinity College to receive an award from the university’s philosophical society. Photograph: Dara Mac Donaill

Crashing out of the European Union without a deal would constitute “an epic level of idiocy” on the part of the United Kingdom, former US treasury sec(...)

‘When times get tough, investors often decide to sit things out until the coast is clear. The problem is that by the time the smoke has lifted, the train has often left the station, to use an old market adage.’ Photograph: Pat Roque/AP

A decade ago, the global financial crisis was raging and stocks were sinking amid the worst bear market since the 1930s. Ten years ago this week, stoc(...)

‘It wouldn’t surprise me at all if we slipped into a recession real soon,’ says Nobel economist Robert Shiller. Photograph:  Reuters/Michelle McLoughlin

The US economic expansion, now almost 10 years old, is within seven months of becoming the longest in history. However with stocks falling into bear m(...)

US president Donald Trump has asked the Securities and Exchange Commission to look into doing away with mandatory quarterly reports for public companies. Photograph:   Mandel Ngan/AFP/Getty Images

Quarterly earnings reports have been a staple of America’s financial markets since the 1930s. Now, the US may be about to follow Europe’s lead and aba(...)

Global Shares chief executive Tim Houstoun said the investment was good news for clients, partners, shareholders and staff.

Motive Partners, a US private equity company backed by the Ireland Strategic Investment Fund (ISIF), has taken a 40 per cent stake in Irish fintech st(...)

The good news is Trump’s responsiveness to market movements may prevent him from doing anything too silly.Photograph: Evan Vucci/AP

Donald Trump’s protectionist instincts have gotten the better of him lately. How worried should investors be by the prospect of trade wars? Until last(...)

New Federal Reserve chief Jerome Powell is untested but is likely to follow Janet Yellen’s dovish script. Photograph:  Saul Loeb/AFP/Getty Images

Are the robots to blame for the current market turbulence? A lot of commentators, including US treasury secretary Steve Mnuchin, seem to think so, mu(...)

Long road ahead: we should realise that the economy will be receiving bundles of monetary stimulus for a long while yet and doesn’t need another kicker from fiscal policy. File photograph: The Irish Times

Since the great financial crisis, central banks have printed in excess of $10 trillion. They call it “quantitative easing” (QE) but it is really just (...)

French economy minister Bruno Le Maire with president of the European Central Bank Mario Draghi in Luxembourg earlier this month. Photograph: John Thys/AFP/Getty Images

Taoiseach Leo Varadkar has said that he expects to see no upward movement in interest rates following a presentation by the European Central Bank pres(...)

Bitcoin bubble makes the ‘regret chart’

The bull market is alive, but the Trump trade is dead. Academic and former US Treasury secretary Larry Summers last week said the Trump administratio(...)

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