Markets are wrong to think things will return to normal and should brace for an era of tumult, debt, and high interest rates, former Treasury Secretary Larry Summers says

Jan 6 2023 by Business Insider

 

REUTERS/Jonathan Ernst

Markets are wrong to think things will return to normal this year, former Treasury Secretary Larry Summers said. He warned investors to brace for a new period of debt, tumult, and volatile interest rates. "This is going to be remembered as the year when we recognized that we were heading into a different kind of financial era."

Markets are wrong to think that things will return to normal this year, and investors should brace themselves for a new era of volatility, debt,...

Continue Reading Markets are wrong to think things will return to normal and should brace for an era of tumult, debt, and high interest rates, former Treasury Secretary Larry Summers says