Welcome 2009.
Getting right to the point.
In my opinion I beleive there is still some shake downs to come. Nortel just filed for bankruptcy protection but it ws doomed to go anyways. However, there are still many companies loaded with debt and burning cash fast. I still think there is one more big shock left to unfold. That is bullion certificate scheme. Yes, this where you buy gold on paper only. The looming currecy crisis is going to sweep the carpet below this monster.
Highly encourage you all to watch "The Ascent of Money " on PBS TV channel.
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