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The Great Turning…

September 25, 2008 Leave a comment Go to comments

Details are beginning to dribble out on how wrenching the changes will be for you in the next few months. Analysts on CNBC are frankly admitting rising unemployment through 2010 – at least 7 percent next year alone.

Govenor Patterson, of New York, indicates a slowing economy for at least 18 months, and perhaps for two years.

Hope you have your galoshes – shit will be deep, once you wake up to discover you have just transferred almost a trillion dollars to China. From Bloomberg:

“China is very worried about the safety of its assets,” he said. “If you want China to keep calm, you must ensure China that its assets are safe.”

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