Things going from bad to worse for Britain. There's scathing reviews of new Prime Minister Truss's plans to slash taxes, indulge in massive borrowing.
Summers said that heightened volatility has raised danger of “breakdowns” in market functioning -- although that’s not yet been seen beyond the UK.
Battered investors hoping for a reprieve from the teeth of the bear market may have to wait until early 2023.
Sentiment has turned so bad for global equities that an indicator developed by Sanford C. Bernstein & Co. has sent a buy signal.