The US debt emergency is coming, and it is a man made Tsunami – after the erasure of an accumulation of massive fictional wealth – the complex debt structures borrowed with leverage against assumptions that have resulted in systemic deficiencies and bailouts – and may result in the collapse of one set of rules in favour of a new set.
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Showing posts with label US economy. Show all posts
Showing posts with label US economy. Show all posts
Tuesday, November 24, 2009
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