So it seems to me that Summers should be demonstrating substantially more humility here on the subject of encouraging financial innovation, when countries which constrained it did pretty well during the crisis compared to those with a deregulatory philosophy and when very wise minds like Paul Volcker are credibly arguing that financial innovation almost never adds real economic value.
Financial repression would chart a middle course through these outcomes, in which the realvalue of holdings in government bonds was steadily eroded by inflation.
These premium players may figure out that those sponsoring financial firms, real estate moguls, auto dealers, etc, are companies that already appreciate brand value connectivity with the Philyanksox franchises.
Meanwhile, the metropolitan area ranked 22nd out of 100 metropolitan areas nationwide based on the estimated value of commercial properties facing possible financial trouble, according to Dan Fasulo of commercial-property researcher Real Capital Analytics.