Tuesday, May 24, 2011

"Great Depression" just around the corner? (updated at bottom)

If this guy's data and assumptions are correct, it looks really bad for Europe's economy, at minimum, but I fear and expect for the US and the world:


If you don't have the patience for all of it, go down to what a Greek default would spell for them and Europe.


He's not saying "if Greece defaults", but "when..."

Yikes.

Scary and getting scarier.

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