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“Lehman Moment”
Doug Noland
06/17/2011
www.prudentbear.com
What appeared an incredible sum for the one-time bailout of an inconsequential economy is increasingly recognized as the tip of the iceberg for huge structural problems at Europe’s periphery and beyond. The markets are beginning the process of recalibrating the potential costs. The results are frightening.
Expanding debt impairment is becoming a major problem; there’s no [...]
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