The top story of 2008 is likely to be the American economy, plus the potential for a financial market panic that could be enormously destructive, arising out of the credit market crisis. We could be facing a full-blown panic, a run on commercial banks, and even a global recession of significant magnitude. Since no one really wants to read about this, I’ve written a detailed article about it, but have not passed it on to Futuresearch subscribers, preferring to let them access it if they wish. You can find this detailed article on my website. Be warned, though, it’s pretty gloomy reading.

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