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Wednesday, August 10, 2011

8/10/2011 - With No Bailouts Coming, US Must Take Its Medicine



Todd Harrison  August 8, 2011, 3:35 pm


In the wake of S&P's downgrade of US debt, Todd made a guest appearance on Yahoo's The Daily Ticker with Aaron Task.

This is the second side of the financial storm, he says. While some expect China to come to the US' aid, Todd isn't holding his breath. Instead, the economy will have to take its medicine in the form of debt destruction and reorganization, a resetting of sorts. It's simply what needs to happen in order to regain balance.


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