Happy Friday, I’m Dylan Byers.

Greetings from the Allen & Company conference in Sun Valley, where the media is obsessing over Elon, but recession-preoccupied executives are more eagerly awaiting a Friday morning address from Larry Summers. I caught up with the economic Cassandra on Thursday to discuss how long we’ll be in a recession—and how we’ll get out of it.

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Many executives won’t be staying for Musk’s address, conference attendees told me (in some cases, as they were heading for the airport). It turns out that it takes at least a Buffett or a Gates to keep many of these people here into the weekend, especially since the lingering pandemic put the kibosh on Mark Zuckerberg’s annual, highly-attended Friday night karaoke party in Ketchum. But, more to the point, Musk actually isn't the real headliner—at least, not in the eyes of so many of the tech and media luminaries I’ve spoken with here. That informal nod goes instead to a far less colorful historical figure: former Treasury Secretary Larry Summers, who speaks Friday morning...