Harvard's Lawrence Summers Warns of More Turbulence Ahead (Connecting the Dots: Lawrence Summers, Harvard University, European Union, China, The New York Stock Exchange, Nasdaq Inc., The NASDAQ Stock Market Inc., The Belizean Grove, The European Union (EU), Covington & Burling LLP, Eric Holder & Soros Funding, All Networking for Control)
Newsmax.com
By Lee Barney | Monday, 07 April 2025 07:55 AM EDT
https://www.newsmax.com/finance/streettalk/lawrence-summers-stocks-turbulence/2025/04/07/id/1205917/
Harvard University economist
Lawrence Summers warned
that the stock market turbulence is likely to continue, likening last week’s
$5.4 trillion market wipeout to 1987’s Black Monday.
“This
was the fourth-largest two-day move since the second World War,” Summers wrote on X.
“The
other three were the 1987 crash, the 2008 financial crisis, and the COVID
pandemic,” said the former Treasury Secretary under the Clinton administration.
On
"Black Monday," October 19, 1987, the Dow Jones Industrial Average
plunged 508 points, or 22.6%, the largest one-day percentage drop in its
history.
“A drop
of this magnitude signals that there’s likely to be trouble ahead, and people
ought to just be very cautious,” continued the former National Economic Council
director for President Barak Obama.
U.S.
and global stock markets sank last week after President Donald Trump imposed
hefty retaliatory tariffs on China, the European
Union and
a slew of other nations, on top of a 10% levy on all U.S. imports. The S&P
500 Index declined to its lowest level in 11 months, slashing $5.4 trillion in
market value in just two trading sessions.
In the
three trading days following Trump's announcement of broad reciprocal tariffs
on almost all countries, stock markets across the world have nosedived,
while investors have barreled into U.S. government bonds as both a safe haven
and a bet on Federal Reserve rate cuts.
Some
hedge funds are offloading all or most of their stock holdings as the Trump
trade war heats up.
In
premarket trading Monday, U.S. stock index futures continued to plummet, and
the S&P 500 looked set to confirm a bear market. Nasdaq entered a bear market on Friday.
Connecting
the Dots:
European Council is
the council of heads of state for the European Union (EU).
European
Parliament is the elected parliamentary institution for the European
Union (EU).
Wim van Velzen was
a member of the European Parliament and is the senior European policy
adviser for Covington & Burling LLP.
Jean De Ruyt was
a European Union (EU) representative of Belgium and is
a senior public policy adviser for Covington & Burling LLP.
Stuart E.
Eizenstat was a U.S. ambassador for the European Union (EU)
and is a senior counsel at Covington & Burling LLP.
Eric H. Holder Jr. is
a partner at Covington & Burling LLP, was the attorney general
at the U.S. Department of Justice for the Barack Obama
Administration, a board member for the American Constitution
Society and an intern at the NAACP Legal Defense &
Educational Fund.
Open Society Foundations was a funder for the American
Constitution Society and Human Rights Watch.
George Soros is the founder & chairman for the Open
Society Foundations a board member for the International
Crisis Group, was the chairman for the Foundation to Promote Open
Society and a benefactor at the Human Rights Watch.
Foundation to Promote Open Society was a funder for the NAACP
Legal Defense & Educational Fund and the Brookings Institution
(think tank).
Vernon E. Jordan
Jr. is a senior director at the NAACP Legal Defense &
Educational Fund, Valerie B. Jarrett’s great uncle, a senior counsel at Akin, Gump, Strauss, Hauer
& Feld, LLP and an honorary trustee at the Brookings
Institution (think tank).
Akin,
Gump, Strauss, Hauer & Feld, LLP was the lobby firm for Nasdaq
Inc.
NASDAQ
Stock Market Inc. is the former name of Nasdaq Inc.
Lawrence H.
Summers was a consultant for Nasdaq Inc., a trustee at
the Brookings Institution (think tank) and is a professor;
former president of Harvard University.
C. Douglas Dillon was
the chairman for the Brookings Institution (think tank) and an
overseer at Harvard University.
Glenn H. Hutchins is
a trustee at the Brookings Institution (think tank) and a director
at Nasdaq Inc.
Henry Louis
Gates Jr. is an honorary trustee at the Brookings Institution
(think tank) and a professor at Harvard University.
Paul E. Peterson was
a director of governmental studies at the Brookings Institution (think
tank) and is a professor at Harvard University.
Harold H. Koh was
an overseer at Harvard University, a developments editor for
the Harvard Law Review, the State Department legal adviser for
the Barack Obama administration and a trustee at the Brookings
Institution (think tank).
Herbert M. Kaplan is
a board of fellow’s member for Harvard Medical School and an
honorary trustee at the Brookings Institution (think tank).
Cass R. Sunstein is
a professor at Harvard Medical School and a senior fellow at
the Brookings Institution (think tank).
Lynn Bendheim
Thoman is a board of fellow’s member for Harvard Medical
School and a trustee at the Brookings Institution (think tank).
Howard E. Cox Jr. is
a board of fellow’s member for Harvard Medical School and
a trustee at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank) and the Carnegie Endowment for
International Peace (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society and is the founder & chairman for the Open
Society Foundations.
Open Society Foundations was a funder for the Carnegie
Endowment for International Peace (think tank).
Jon M. Huntsman
Jr. is a trustee at the Carnegie Endowment for International
Peace (think tank) and an ambassador to China for
the Barack Obama administration.
J. Stapleton Roy is
a trustee at the Carnegie Endowment for International Peace (think
tank) and was a U.S. ambassador for China.
Richard A. Debs was a trustee at the Carnegie Endowment for
International Peace (think tank) and a chairman for the New York
Stock Exchange.
William H.
Donaldson was a trustee at the Carnegie Endowment for
International Peace (think tank), a chairman & CEO for the New
York Stock Exchange and a lifetime trustee at the Aspen Institute
(think tank).
John J. Phelan Jr. was
a chairman & CEO for the New York Stock Exchange and a lifetime
trustee at the Aspen Institute (think tank).
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
Henry
A. Kissinger was a lifetime trustee at the Aspen Institute
(think tank) and a member of the Bohemian Club.
Belizean_Grove is
the equivalent to the male-only social group, the Bohemian Club.
Deborah L.
Wince-Smith is a member of the Belizean Grove, was a
director at Nasdaq Inc. and a director at the NASDAQ Stock
Market Inc.
Merit E. Janow is
a member of the Belizean Grove and was a director at the NASDAQ
Stock Market Inc.
Henrietta
Holsman Fore is a member of the Belizean Grove and a
trustee at the Aspen Institute (think tank).
Henry Louis
Gates Jr. is a trustee at the Aspen Institute (think tank),
a professor at Harvard University and an honorary trustee
at the Brookings Institution (think tank).
Lawrence H.
Summers was a professor; former president of Harvard
University, a consultant for Nasdaq Inc. and a trustee at the Brookings
Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank) and the NAACP Legal Defense &
Educational Fund.
George Soros was the chairman for the Foundation to
Promote Open Society and is the founder & chairman for the Open
Society Foundations.
Open Society Foundations was a funder for the American
Constitution Society.
Vernon E. Jordan
Jr. is an honorary trustee at the Brookings Institution (think
tank).
Valerie
B. Jarrett’s great
uncle a senior counsel at Akin, Gump, Strauss, Hauer & Feld, LLP
and a senior director at the NAACP Legal Defense & Educational
Fund.
Akin,
Gump, Strauss, Hauer & Feld, LLP was the lobby firm for Nasdaq
Inc.
Eric H. Holder Jr. is
a partner at Covington & Burling LLP, was an intern at
the NAACP Legal Defense & Educational Fund, a board member for
the American Constitution Society, the attorney general at
the U.S. Department of Justice for the Barack Obama
administration and is a partner at Covington & Burling LLP.
Jean De Ruyt is
a senior public policy adviser for Covington & Burling LLP and was
a European Union (EU) representative of Belgium.
Stuart E.
Eizenstat is a senior counsel at Covington & Burling LLP
and was a U.S. ambassador for the European Union (EU).
Wim van Velzen is
the senior European policy adviser for Covington &
Burling LLP and was a member of the European Parliament.
European
Parliament is the elected parliamentary institution for the European
Union (EU).
European Council is
the council of heads of state for the European Union (EU).
Valerie B. Jarrett is
Vernon E. Jordan Jr’s great niece, a member of the Commercial
Club of Chicago and was the senior adviser for the Barack Obama Administration.
Cyrus F.
Freidheim Jr. is a member of the Commercial Club of Chicago
and an honorary trustee at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation
to Promote Open Society.
Lawrence H.
Summers was a trustee at the Brookings Institution (think
tank), a professor; former president of Harvard University and a
consultant for Nasdaq Inc.
Deborah L.
Wince-Smith was a director at Nasdaq Inc., a director at
the NASDAQ Stock Market Inc. and is a member of the Belizean
Grove.
Merit E. Janow is
a member of the Belizean Grove and was a director at the NASDAQ
Stock Market Inc.
Henrietta
Holsman Fore is a member of the Belizean Grove and a
trustee at the Aspen Institute (think tank).
Belizean_Grove is
the equivalent to the male-only social group, the Bohemian Club.
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
George Soros was the chairman for the Foundation
to Promote Open Society.
Henry
A. Kissinger was a lifetime trustee at the Aspen Institute
(think tank) and a member of the Bohemian Club.
Lester Crown was
a lifetime trustee at the Aspen Institute (think tank) and a member
of the Commercial Club of Chicago.
James S.
Crown is a member of the Commercial Club of Chicago and a
trustee at the Aspen Institute (think tank).
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
John J. Phelan Jr. was
a lifetime trustee at the Aspen Institute (think tank) and a
chairman & CEO for the New York Stock Exchange.
William H.
Donaldson was a lifetime trustee at the Aspen Institute (think
tank),
a
chairman & CEO for the New York Stock Exchange and a trustee at
the Carnegie Endowment for International Peace (think tank).
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank)
and the Carnegie Endowment for
International Peace (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society and is the founder & chairman for the Open
Society Foundations.
Open Society Foundations was a funder for the Carnegie
Endowment for International Peace (think tank).
Richard A. Debs was a trustee at the Carnegie Endowment for
International Peace (think tank) and a chairman for the New York
Stock Exchange.
Jon M. Huntsman
Jr. is a trustee at the Carnegie Endowment for International
Peace (think tank) and an ambassador to China for
the Barack Obama administration.
J. Stapleton Roy is
a trustee at the Carnegie Endowment for International Peace (think
tank), was a U.S. ambassador for China and a vice chairman for Kissinger
Associates, Inc.
Henry
A. Kissinger was the founder of Kissinger Associates, Inc.,
a member of the Bohemian Club and a lifetime trustee at the Aspen
Institute (think tank).
Belizean_Grove is
the equivalent to the male-only social group, the Bohemian Club.
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
George Soros was the chairman for the Foundation
to Promote Open Society.
Henrietta
Holsman Fore is a trustee at the Aspen Institute (think tank)
and a member of the Belizean Grove.
Deborah L.
Wince-Smith is a member of the Belizean Grove, was a
director at Nasdaq Inc. and a director at the NASDAQ Stock
Market Inc.
Merit E. Janow is
a member of the Belizean Grove and was a director at the NASDAQ
Stock Market Inc.
Belizean_Grove is
the equivalent to the male-only social group, the Bohemian Club.
George H.W.
Bush was a member of the Bohemian Club and a member of the
Alfalfa Club.
Dianne Feinstein was
a member of the Alfalfa Club, a U.S.
Senate senator and married to Richard C. Blum.
Richard C. Blum was
married to Dianne Feinstein and an honorary trustee at the Brookings
Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
Lawrence H.
Summers was a trustee at the Brookings Institution (think
tank), a professor; former president of Harvard University and a
consultant for Nasdaq Inc.
Deborah L.
Wince-Smith was a director at Nasdaq Inc., a director at
the NASDAQ Stock Market Inc. and is a member of the Belizean
Grove.
Belizean_Grove is
the equivalent to the male-only social group, the Bohemian Club.
Resources:
Past Research
Trump
Admin Threatens Harvard With Funding Cuts (Connecting the Dots: Harvard
University, Columbia University, Obamacare & Soros Funding) (Past Research on Lawrence H. Summers & Harvard
University)
Friday,
April 4, 2025
https://thesteadydrip.blogspot.com/2025/04/trump-admin-threatens-harvard-with.html
EU
'Holds Lot of Cards,' Vows Tariff Retaliation vs. US (Connecting the Dots: The
European Union (EU), Covington & Burling LLP, Aluminum Products, ALCOA
& Soros Funding, All Networking) (Past Research
on the European Union)
Tuesday,
April 1, 2025
https://thesteadydrip.blogspot.com/2025/04/eu-holds-lot-of-cards-vows-tariff.html
'Ballad
for Trayvon Martin' Debuts at Princeton (Past
Research on Vernon E. Jordan Jr.)
Saturday,
December 7, 2013
https://thesteadydrip.blogspot.com/2013/12/ballad-for-trayvon-martin-debuts-at.html
Chinese
Crash Crushes Stock Market as Obama Imitates Chinese Economy (Past Research on the Carnegie Endowment for International
Peace, China & Stock Market)
Monday,
August 24, 2015
https://thesteadydrip.blogspot.com/2015/08/chinese-crash-crushes-stock-market-as.html
Who
Really Controls Our Universities? (Connecting the Dots: Soros Funded Think
Tanks) (Past Research on Harvard University)
Wednesday,
August 24, 2022
https://thesteadydrip.blogspot.com/2022/08/who-really-controls-our-universities.html
Donald
Trump: People Should Sue ABC for Stock Market Crash Triggered by Fake News (Past Research on the Nasdaq Inc.)
Monday,
December 4, 2017
https://thesteadydrip.blogspot.com/2017/12/donald-trump-people-should-sue-abc-for.html
Justice
Roberts: O'Connor Blazed Historic Trail (Connecting the Dots: John Roberts,
Sandra Day O'Connor, U.S. Supreme Court, Phi Beta Kappa Society, The Alfalfa
Club, The Belizean Grove, The Bohemian Club, The Smithsonian Institution &
Soros Funding, All Networking) (Past Research on The
Alfalfa Club)
Saturday,
December 2, 2023
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