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Lehman's Collapse: Broader Economic Damage Unlikely

With no more Wall Street banks - property values in New York City are going to start plummeting...feeding the fire...

Lehman's Collapse: Broader Economic Damage Unlikely

Historically, the average bear market decline = 36%. We haven't even hit that average decline yet. The SnP500 would need to hit 1000 just to make that average decline.

On average, there are typically 2 bear markets a decade.

This isn't your average bear market.

The entire banking system may need to be nationalized.