Wall Street Week 08/23/2024

On this edition of Wall Street Week, Former US Treasury Secretary Lawrence H. Summers says that the Fed has recovered after making an egregious mistake on inflation. Key Square Capital CEO Scott Bessent says that US markets now resemble emerging markets. Cato Institute Technology Policy Senior Fellow Jennifer Huddleston makes the case for Google's search dominance. Citi US Equity Strategist Scott Chronert outlines the tail risks facing US equities.

Chapters:
00:00:00 - Summers: Fed Recovered from Egregious Inflation Mistake
00:11:18 - Tail Risk to US Equities: Fed, AI, Election
00:17:28 - VisiCalc and Its Successors
00:23:49 - Bessent: Precarious Equilibrium in US Economy
00:35:26 - Huddleston: Google's Monopoly is about What the Consumer Wants
00:43:43 - Ways to Lose Money
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