Thursday, January 30, 2014

The Next Recession Will Clobber Us

Here is a bleak estimate from Ambrose Evans-Pritchard:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10605957/World-risks-deflationary-shock-as-BRICS-puncture-credit-bubbles.html

He's ususally right about such things. Get ready to bend over and kiss your booty goodbye.

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