Read Soros article as well. ( list on left of page)
Karl Denninger, who forecasted the breakdown in stock markets a couple of weeks before the crash of 2008, says that all hell is now breaking loose:
"I�ll go ahead and make the prediction now: This time will be worse than 2008 and we�ll measure from SPX 1370, which makes the minimum downside target under 600. And no, this time it won�t recover with more �hopium� and fraud � that card has already been played which means the pension funds and annuities across this nation are going to get smoked, exactly as I warned about four years ago."
