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The financial crisis is more than half over, but the follow-on economic crisis in the real world is only about 1/10 of the way through, I'd guess.



I hate having to agree with you, but yes, I agree. My experience of past bad times, such as 87-91, is that the market is a leading indicator of really bad times ahead, and this seems to dwarf anything I've ever seen. The global nature of this is also novel - in '90 I rode out the bad time in the US working in Japan - now there's no place to go.





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