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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (20089)4/29/2009 5:01:38 PM
From: zamboz1 Recommendation  Read Replies (1) of 71405
 
Debt is certainly different than 81/82.
We are less of a manufacturing economy.
We have certainly not had a long period of stocks being undervalued.
No huge inflation--yet.
More global competition, especially with wages.
No systemic banking collapse.
100's of trillions of derivatives waiting to implode.

This current situation is more like the banking panic and crash in 1907. Also makes some good comparisons with the early 1930's.
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