Bad News/Good News
From Zero Hedge regarding QEII – an unmitigated disaster. Also, see banks face new headwinds. Big trouble brewing, however the good news is that the bad news has to come before the good news, although there’s probably significant lead time involved. The economy cannot really turn around until it clears the toxic assets (and in this case, many of the institutions holding those assets) that are currently blocking the normal recessionary drainage of economic waste.
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