I would think that we are on the brink. I don't think there is anything any political party can do right now to prevent the inevitable.
Britain and EU banks are in trouble as well as Japan.
The bright side is we always pull out of it.
The bigger question is will anything be learned from this? They call the 80's the time of excess and then look what happened in the 90's then for the last 5 years it was another time of even more excess and now look where we are at.
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