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Not quite but just like capitalism hasn't quite crumbled... yet, the Euro hasn't quite imploded... yet. $1 trillion dollars worth to keep Europe solvent in the short-term o_O

Mish's Global Economic Trend Analysis: Shock and Awe Part II; Show of Force Rises to $962 billion; Fed Joins the Battle; Short Squeeze Coming, Then What?

"Step back for a second. The problems are too much debt, too much government spending, and a massively unbalanced global economy. None of these actions address any of the fundamental issues."

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