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January 2, 2012

2012 could be the year Germany lets the euro die

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There will be no Chinese credit explosion this time, no real help from post-bubble India or over-stretched Brazil. It will be a global downturn on all fronts, aborting what remains of recovery even before industrial output in the OECD bloc has regained its pre-Lehman peak. The second wave will hit... FF News: Fundamental

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