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1 posted on 07/07/2016 4:08:02 AM PDT by expat_panama
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To: expat_panama

Gosh O’s economy is doing soooo great


2 posted on 07/07/2016 4:17:33 AM PDT by Nifster (I see puppy dogs in the clouds)
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To: expat_panama

In October 2008, there were $1.59 trillion of these commercial and industrial loans outstanding. As of May 2015, there were $2.05 trillion outstanding, a 29% jump from the peak of the prior craziest credit bubble the world had ever seen to this even crazier credit bubble. And so, instead of that promised “escape velocity,” the bankruptcies have started to kick in.


I’ve seen this movie. The sequel is almost never as good as the original.


3 posted on 07/07/2016 4:19:50 AM PDT by Flick Lives (TRIGGER WARNING - Posts may require application of sarcasm filter)
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To: expat_panama

I think I saw an article on here a while back warning this was on the way.


4 posted on 07/07/2016 4:26:45 AM PDT by ilovesarah2012
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To: expat_panama
those that pay Standard and Poor’s to rate their credit so that they can sell bonds in the credit markets.

Shades of "The Big Short".

6 posted on 07/07/2016 8:32:19 AM PDT by Oatka (Beware of an old man in a profession where men usually die young.)
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