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Lawrence Summers on “Hysteresis” during the 2009 Global Recession

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Larry Summers, a former secretary of the US treasury and ex-chief economist at the World Bank, explains the slow pace of recovery from the 2009 global recession. Speaker: Larry Summers, Former US Secretary of the Treasury

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Lawrence “Larry” Summers economic crisis financial crisis global recession real economy joblessness recession and recovery financial globalization financial regulation oversight systemic risk Federal Reserve stock market Lehman Brothers stimulus package bailout NYSE S&P Dow Jones Nasdaq Wall Street crash Main Street
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