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Old 06-05-2012, 09:51 AM   #1
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bad when Goldman Sachs alum are noticing

Base article
http://www.businessinsider.com/raoul...nd-game-2012-6
Slideshow:
http://www.businessinsider.com/raoul...game-2012-6#-1

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Old 06-05-2012, 09:59 AM   #2
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Quote :
Everyday, we hear some pretty grim predictions about the markets and the economy. But this is one of the more comprehensive and most gloomy outlooks we've ever seen.

Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it.

Pal previously co-managed the GLG Global Macro Fund. He is also a Goldman Sachs alum. He currently writes for The Global Macro Investor, a research publication for large and institutional investors.
...
Pretty sure I don't need to spend $9.95 for a newsletter to tell me that!
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