The former Chairman of the Federal Reserve, Paul Volcker, is out with some decisively negative commentary. And no, I'm not just talking about some off hand comments about how the economy sucks. He is straight up ominous. A quote from Mr. Volcker:
"Growth in the economy in this decade will be the slowest of any decade since the Great Depression, right in the middle of all this financial innovation.''
A powerful statement that could very well end up being true. The entire Bloomberg article summarizing Volcker's thoughts is definitely worth checking out.
