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Member Since: 4/2006Last Seen: 12/15/2009

The 12 Steps Towards Oblivion: America's economy risks the mother of all meltdowns

News Type: Event — Seeded on Tue Feb 19, 2008 11:48 PM EST
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A very scary but quite logical take where the US housing market fall may lead us: the false wealth generated by the property sector has come to symbolise the vulnerability of our economy, and this analysis provides a step by step scenario as to how something much worse than a recession can happen. Bad news indeed...

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