Summers Says 'World on Fire' Needs IMF/World Bank Support

Larry discusses his watchlist for the week, focusing on the IMF and World Bank meetings. He expresses concerns about global financial issues, including high interest rates, climate change, and the Ukraine war. He hopes for strong actions from international financial institutions but fears limited momentum. Additionally, he highlights changes in the British financial market, particularly the cessation of gilt purchases, and the potential systemic financial risks involved.

What concerns does the speaker express regarding the British government's decision on gilts?

How does the speaker describe the potential systemic financial risk as the week progresses?