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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Hawkmoon who wrote (107132)1/23/2010 2:41:45 PM
From: Elroy Jetson11 Recommendations  Read Replies (1) of 116555
 
We are leaving a world-record sized credit bubble which needs the crap stomped out of it, with prudent bank lending standards imposed to make sure it doesn't happen again.

It's much better to get the pain over quickly Volcker-style than drag it out with 20 years of stimulus like Japan and still remain in a post-credit-bubble economic depression.

Do you want to experience a bad year or several bad decades?
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