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Post-Election Blues

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By Chris Martenson
Friday, November 7th, 2008

Post-Election Blues

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By Chris Martenson on
Friday, November 7th, 2008

Friday, November 7, 2008 The credit bubble has burst.  Twenty-five years of spending more than we’ve earned has finally caught up with us.  Now that the continuous expansion of credit has ceased, it is no longer possible to finance the carrying costs of the prior debt, and collapse is the inevitable outcome. But how will it play out?

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