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Old 02-23-2009, 02:35 PM  
$5 submissions
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Join Date: Nov 2003
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The Dow acts as the ultimate "Truth-O-Meter" to all the "big plans" and "expectant announcements" floating around. So far, it's not looking good.

Another thing: I just watched the scariest shit ever--Goldman Sachs' Hong Kong/Asia head noting that while Japan's crisis was due to business expenditures which account for 12% of their GDP, the US' crisis is at the consumer end which accounts, at its height, for 72% of GDP. There's no "Japanese Lost Decade" comparison according to him. The US crisis is DRAMATICALLY going to be worse. All those stimulus bills didn't do dick in Japan.

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