Truly amazing...
Unfortunately we are only in the beginning (top of second inning) for what will be the de-levering of the American financial system. I just pray "main street" won't catch up to where Wall Street finds itself because if that happens, we will be looking at 10%+ unemployment with high inflation. That combination will result in massive negative feedback loops (think home foreclosures, auto and credit card defaults) for millions of families. Mind you these aren't "subprime" families, they are just "collateral" damage.
Worse yet, if this implosion occurs (once again I hope it doesn't) it will likely stunt the "Global growth" story for millions of people looking to raise themselves out of poverty (the only bright spot in this messed up world).
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