9 weeks until October. How big will the crash be?

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by mark000

So freaking obvious that a crash is coming.

via WSJ:

“The damage of the ECB’s sledgehammer approach during this past year is now beginning to show, and it’ll only get worse from here as the lagged effects of these past 12 months’ huge tightening rolls in over the real economy,” wrote Erik Nielsen, an economist at Italy’s UniCredit, in a note to clients.

Last time Fitch downgraded US credit ratings was Aug 5th 2011, the same exact week as today.

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