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From our studios in new york city, this is charlie rose. Larry summers is here. He is president of harvard university. He served as director of president obamas economic council. Last week, the ecb said they will buy more than one trillion in assets. I am pleased to have Larry Summers back at the table. Welcome. Good to be with you, charlie. You were at davos, i was at davos. What was the sense about the economy and the state of the world . Because the theme was said to be the context. Charlie, it was something intermediate. It certainly was not euphoric but not as dark as it was in 2009 or 2010 at the height of the financial crisis. I think there is a growing concern about a deflationary psychology, a sense of stagnation. Very very almost pathologically low Interest Rates taking hold in many places. There was an undertow of concern. I think people admired what mario draghi di ....