MarketWatch/Chris Matthews/10-14-2022
“We’ve got the most complex, disparate and cross-cutting set of challenges that I think I can remember in the 40 years I’ve been following this stuff. And in all honesty, I think the fire department is still in the station.” – Former Treasury Secretary Larry Summers
USAGOLD note: Summers elevates a point made in a recent Fiinancial Times interview from notable concern to dire warning. He cautions that the UK pension fund crisis could be the tremor before a global economic earthquake. Keep in mind that Summers is a Democrat and that his comments of a disaster in the making come weeks before an election.
