Quotes from Lawrence Summers

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.

In the history of the world, no one has ever washed a rented car.

Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us.

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.

I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.

I've always thought that underpopulated countries in Africa are vastly underpolluted.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.