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These headwinds will persist for the next decade or two.

Like orbiting space debris, every loan that has been collateralized by an illiquid asset is a high-speed projectile with the potential to disable any other part of the system it impacts.

The fires that have been ignited are not yet visible.

There may be no winners of the game of Global Domination ™, and that is likely the best outcome.

The global recession will be deeper and longer than those relying on models based on the past two decades of hyper-globalization and hyper-financialization anticipate.