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Steven Hansen is a
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continuing on the lines of larson.... above, all this derivative crap will take a decade to unwind. it will not clear easily and quickly. this will be a major force acting against any economic expansion, and will accelerate contraction. throw in a few foreclosures, tighten consumer credit rules, service more government debt, baby boomer retirement, and the current destruction of capital - we may have a big problem.
Sep 16 23:48 pm
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All Comments by Steven Hansen »The Plunge Protection Team Goes to Work [View article]
but not to worry - our economy is strong.