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View Diary: Could the 2008 Election be Like the 1932 Election? (339 comments)

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  •  Economy could go way south next year (0+ / 0-)

    Goldman Sachs expects $2 trillion write offs in the bond market. Home owners can't live large on second mortgages anymore. Speculators will have to sell the stocks they bought with carry trade loans from Japan.  Everyone thinks banks are still hiding bad loans. Stock markets around the world could quickly fall 20-30% in the next few months. If that happens there could be a recession a few months after that, in time to make things even worse for Republicans.

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