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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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After 911 I was writing that a Great Depression was very possible and that it would be caused by a CRISIS OF LIQUIDITY>>or in other words a run on the bank.
Now for a mea culpa, I thought it would be caused by a MAJOR acto f terrorism...such as an American City going up in smoke. Little did I realize that it would be our own greed helped by the cracks that 911 caused in our financail system (low interest rate environment).
Well I go the BIG half right..we have crashed and it could be a Great Depression.
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"Some Observer"
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