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Hank Paulson's Shocker!

By Adrian Ash

September 14, 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 is head of research at BullionVault.com, the fastest growing gold bullion service online. Formerly head of editorial at Fleet Street Publications Ltd – the UK's leading publishers of investment advice for private investors – he is also City correspondent for The Daily Reckoning in London, and a regular contributor to MoneyWeek magazine.

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