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The crash has been predicted for a long time

blogs.sun.com » 2008 » October » 1st » The crash has been predicted for a long time

Tagged: general, economics

In 2006, Dr David Martin gave a talk: "Asymmetric Collateral Damage, Basel II, the Mortgage House of Cards, and the Coming Economic Crisis" where he links the predicted 2008 crash to the introduction of stricter rules for controlling who owes what. His thesis was that the US should be prepared to have to go begging for money in the Middle east. But because most of the money now is in countries … Continue Reading »

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