Imaginary wealth: why the credit crisis will not go away

From the Great Depression, to the UK crash in 1972, to now – bear markets all look pretty similar. The US housing crisis has triggered a recession and if history is anything to go by, this is just the beginning.

From the Great Depression, to the UK crash in 1972, to now bear markets all look pretty similar. The US housing crisis has triggered a recession and if history is anything to go by, this is just the beginning. But don't despair - we'll show you a new place to put your money

The "Primary Bear Market" that started in the year 2000 and, in our view never ended, has unquestionably resumed as a result of the reversal of global liquidity. We are now embroiled in potentially the worst credit contraction of any readers' experience and the implications are alarming.

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