Fannie Mae and Freddie Mac are falling apart. This is that blow that can level financials for a long time to come. I wonder why Dow Jones and S&P are not falling more. Lost 30% on this in 2 months.
2008 is a seminal year in world history. Socialism is about to get a revival. Protectionist rhetoric is escalating. Govt expenditure is going to expand rapidly to contain the fallout from falling consumption and investment demand - worldwide.
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