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IPFS News Link • Economy - Economics USA

Karl Denninger: Yes We Will Have A Depression

11-08-08 • Market-Ticker.denninger.net/

The greatest area of danger here is that The Fed is in fact trying to catch not a falling knife but rather a falling piano. The idea that The Fed can prevent a debt deflation of this magnitude is pure folly, and increasing its leverage to 50:1

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Karl Denninger: Yes We Will Have A Depression

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