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To: devere
Well, its meant to be scary because he has a follow-up article on the way that might suggest an avenue to safety. I don’t have an Econ PhD, but his scenario is designed like those monster domino deals you might see on video somewhere. The description is FAR too intricate even if his assumptions are solid.

Uncertainty is abstract, and the article describes consequences very concretely. Another poster mentioned faith - behavior and belief will determine what happens.

Besides, he’s going to tell us what to do in the next installment! That said, the doom scenario is possible and the author didn’t assign any scientific-wild-ass-guess probability, so I’ll wait for part 2.

16 posted on 02/08/2008 10:37:43 PM PST by jblair (Air Force Brat)
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To: jblair

You’ll know this market has bottomed when you see some “SOLD” signs going up on vacant houses. Until then, this nightmare scenario has a greater chance of coming true than a quick recovery, IMHO.


19 posted on 02/08/2008 10:42:02 PM PST by REDWOOD99
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To: jblair

“Besides, he’s going to tell us what to do in the next installment!”

I read the next installment, and it’s just more of the same. You can read it too if you register for his website.

What to do:
Cut your expenses to the bone.
Buy ammunition, dried food, gold, and tbills.


49 posted on 02/09/2008 9:46:46 AM PST by devere
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