Opinion
Opinion

1970s Is Not an Unexplainable Coincidence

1970s Is Not an Unexplainable Coincidence
Lawrence H. Summers/Twitter
Law Ka-chung
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Commentary

Three weeks ago, Lawrence Summers posted in his X (formerly Twitter), a chart comparing U.S. CPI YoY inflation with the mid-1970s. The chart attracted many views as well as lots of criticism. Quite a portion of the negative comments were from academics.

Law Ka-chung
Law Ka-chung
Author
Law Ka-chung is a commentator on global macroeconomics and markets. He has been writing numerous newspaper and magazine columns and talking about markets on various TV, radio, and online channels in Hong Kong since 2005. He covers all types of economics and finance topics in the United States, Europe, and Asia, ranging from macroeconomic theories to market outlook for equities, currencies, rates, yields, and commodities. He has been the chief economist and strategist at a Hong Kong branch of the fifth-largest Chinese bank for more than 12 years. He has a Ph.D. in Economics, MSc in Mathematics, and MSc in Astrophysics.
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