Hank Paulson's shocker! - Thursday 13th September 2007

Could today's financial turmoil outpace anything seen in the last two decades...?

HANK PAULSON, the US Treasury Secretary, told the Financial Times this week that the current turmoil in credit markets is set to last longer than any financial shock of the past two decades.

   For the sake of US and European stock markets, let's hope that he forgot to include Japan's ongoing deflation in that analysis...

Adrian Ash, 13 Sep '07

Adrian Ash runs the research desk at BullionVault, the world's fastest growing gold ownership service. Formerly head of editorial at Fleet Street Publications – London's top publisher of financial advice for private investors – he was City correspondent for The Daily Reckoning for four years, and is now a regular contributor to 321gold, FinancialSense, GoldSeek, Prudent Bear, SafeHaven and Whiskey & Gunpowder among many other leading investment websites. Adrian's views on the Gold Market have been sought by leading news organizations including the Financial Times, Bloomberg and Der Stern in Germany.

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