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  • Not Everyone Is In Trouble [View article]
    "Did you think the Ponzi Scheme would last" has given useful comments, direct and forceful. Wow we nearly forget that there is now usd1.6trillion of assets to be unwound onto the fragile markets, imagine the depressing effects. He talks about the unwinding being completed in 2 to 3 years, this seems a long time but such a time span or even LONGER may be needed to correct 2 decades of debt binge. Then Greenspan and quite a few others talk about this recession rivalling the 1930s in intensity. James Saft of Reuters says deflation is on the agenda. All in all a time to be cautious and preserving capital for better opportunities.
    Sep 17 08:45 am |Rating: 0 0 |Link to Comment
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