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Friday Jul 19, 2002

The crash of 2002

Griffin can imagine, he said, a Japanese-style pullback from risk in the U.S., in which investors give up, banks refuse to lend and the economy languishes. He can imagine other countries, accustomed to the United States' role as the world's economic locomotive, not taking up the standard. He can imagine a crisis of capitalism of a 1930's order. CNN/Money
Pretty damn depressing.
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