Larry Summers Predicts 'Tumult' for Markets in 2023

The video discusses the economic outlook for 2023, focusing on interest rates and market expectations. It challenges the idea of returning to a low-interest-rate era, highlighting factors like government debt, investment demands, and global labor changes. The speaker predicts a shift to a new financial era with different interest rate patterns due to increased uncertainty and inflationary pressures.

What impact does the speaker anticipate from the disinflationary shock of emerging markets joining the global labor pool?

In what ways does the speaker suggest that the financial era is changing?