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Given his record over the last few years, I wouldn't bet money against Roubini.

I think the world is finally starting to see what's coming.  I think people -- even typically corrupt and/or stupid people like Paulson and Bush -- are starting to understand that the banking system may collapse and send us into a second Great Depression, and that more radical action has to be taken.

The headline over at MSNBC right now is downright Jeromeian: "Is this the end of American capitalism?"  Replace "American" with "Anglo," and you could've ripped that headline straight off a blog.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Fri Oct 10th, 2008 at 07:37:24 AM EST
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I read a headline on a Danish newspaper saying that even crony-capitalism cheerleader Fukoyama says that this is the end for laissez-faire.

It would appear that the news of History's death has been greatly exaggerated.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Oct 11th, 2008 at 02:04:23 PM EST
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