FinanceContrarian economist Larry Summers was right all along about inflation. His ominous new prediction for what’s next.
To fight inflation Summers believes that we need a shorter, shallower downturn in the months ahead, rather than a prolonged period of pain.
September 23, 2022
Latest
Just launched: Fortune Crypto
Newsletters
- Data SheetTech just wants to party, never mind the talk of a hard landing
- raceAheadCivil rights leaders want corporate America to stop writing checks to politicians and effect real change
- Term SheetMeet the VCs who are dominating health tech
- The Modern BoardCompanies can’t respond to every political issue. Here’s how boards should decide when to speak up
- BroadsheetHow the 27-year-old Latina founder of The Newsette built a $200 million media powerhouse, without VC funding
- CHRO DailyiCIMS’ chief people officer wanted to know why employees were leaving, so she interviewed 30 former staffers in 30 days
Inflation
COVID-19
Features
Fortune Well
Success
Leadership
Path to Zero
From the magazine
MagazineFacebook’s unlikely new public face: How Nick Clegg went from political wipeout in London to Mark Zuckerberg’s inner circle at Meta
The former U.K. deputy prime minister has become Meta's de facto spokesman on a host of controversial issues. Is he the right person for the job?
August 4, 2022
Best Workplaces by Industry
- 50 Best Workplaces in Advertising and MarketingSeptember 7, 2022
- 50 Best Large Workplaces in Financial Services and InsuranceSeptember 7, 2022
Quarterly Investment Guide
FinanceHow long bear markets typically last—and how you should think about investing during this one
Advice for investing in a bear market in 2022, and what history tells us about when the downturn will end.
July 14, 2022
Commentary
- corporate taxHow the Inflation Reduction Act imperiled the OECD’s plans for a global minimum tax on corporations
- Housing marketThe fundamental reason house prices will fall this fall
- South KoreaSouth Korea’s next big export boom won’t be in chips or K-pop songs
- leadershipMicrosoft: ‘Using technology to spy on people at work is not the answer’
- climate changeThe global energy crisis is making the case for renewables beyond climate change
- coronavirusEducation is a human right–but it’s getting deprioritized in an age of crises
Topics
Asia
Singapore warns of U.S.-China ‘escalatory spiral’ amid ‘lack of strategic trust’
Hong Kong scraps hotel quarantine in bid to save financial center status. Here’s the new 7-day testing regimen that allows free movement
Hong Kong just ended its COVID quarantine. Here are the other Asian holdouts that also now plan to open their borders
Environment
A small shift in Tropical Storm Ian could mean a $30B disaster for Tampa
You really don’t understand how bad it could get in Europe this year
Biden is reportedly considering Al Gore to replace Trump’s climate-skeptical head of the World Bank
Europe
What a top NATO commander learned interning at a software startup
You really don’t understand how bad it could get in Europe this year
U.K.’s plan to ward off recession backfires as kamikaze budget sends pound careening to 37-year low
Finance
Elon Musk just said this savage critic of the Fed is ‘obviously correct.’ Here’s what he said about a recession
Larry Summers says that more mega-billionaires like Jeff Bezos and Bill Gates would be good for America—with one caveat
You really don’t understand how bad it could get in Europe this year
Health
‘The tools are getting picked off’: An ever-mutating mix of COVID variants means fewer and less effective treatments this fall
As Tom Brady’s TB12 program gets taught in Florida schools, experts have questions. ‘Some of this stuff is not rooted in good science’
The U.S. ordered 171 million updated COVID booster shots but only 4.4 million went into arms as Biden says ‘the pandemic is over’
Leadership
How boards can close the climate change gap
The DOJ is taking a tougher stance on corporate crime. Here’s what boards need to know
Your boss thinks you just don’t work as hard at home, major Microsoft survey finds
The Ledger
Welcome to Fortune Crypto
Coinbase CEO: Crypto is up there with chips and 5G as a matter of ‘national security’
The U.K.’s top financial regulator warned consumers against using FTX. The company says it’s being impersonated by a scammer
Lifestyle
Recession odds just skyrocketed up to 80%, says former Reagan economist and hyperinflation expert
Hilary Mantel, Booker Prize-winning author and one of Britain’s greatest writers, dies ‘suddenly yet peacefully’ at 70
As Tom Brady’s TB12 program gets taught in Florida schools, experts have questions. ‘Some of this stuff is not rooted in good science’
Personal Finance
What borrowers should do now to prepare for student debt forgiveness
Borrowers who combined student loans during marriage may soon be able to split their debt—and be eligible for forgiveness
The fundamental reason house prices will fall this fall
Politics
What a top NATO commander learned interning at a software startup
Opponents of private school vouchers just blocked a huge expansion in Arizona
U.K.’s plan to ward off recession backfires as kamikaze budget sends pound careening to 37-year low
Retail
Tesla recalls almost 1.1 million vehicles that fail to detect fingers getting pinched in automatic windows
Spotify enters audiobook space with massive new store of 300,000-plus titles. Michelle Obama and Dave Grohl are among the titles.
Beyond Meat COO suspended for biting man’s nose after college football game