Titanic?

‘Is the world doomed to suffer another Depression?
Europe is in disarray, stock markets are plunging, the banking crisis is back in full swing, gold is at record levels, and both the UK and US are self-evidently slipping back towards recession – not since the autumn of 2008 have things looked quite so ominous.
….Small wonder that investors are running for the hills. Mass and disorderly default appears to be the only way in which events can unfold. The distinct possibility of catastrophic loss once more looms large across the world economy…’

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