Diving stocks are doing more to sooth USD jitters than Larry Summers, but here are his comments–
- Dlr to remain top reserve currency for foreseeable future
- World does not have a viable alternative to the dollar
- Political role of US very much supports dollar’s reserve ccy role
- strong economic fundamentals best thing government can do for dollar
- Takes very seriously government indebtedness
- Short-term deficits needed to offset fall in private demand
- Obama budget to make sure US debt levels return to sustainable, steady or reclining path
- No doubt economy grew in Q3
