The next economic phase of the Great Depression II has started. Retail spending is contracting along the entire service sector. Europe is on the edge of complete financial meltdown. Ex-CEO of Goldman Sachs, Jon Corzine, could be the replacement for Timothy Geithner. The 8 – 9 day drop in stocks that concluded today was historic, and broke down many bullish arguments for higher prices. Gold is gleaming, but it has serious issues.
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