Wealth of Nations - The Gathering Storm

by Clive Crook

Sat. Dec. 1, 2007


Alarm about the state of the economy and the risk of outright recession next year continues to mount. In the Financial Times on November 25, former Treasury Secretary Lawrence Summers -- a more astute or experienced observer would be hard to find -- raised eyebrows when he seemed to put the chances of recession at better than 50-50, even assuming that policy is changed to address the danger:

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