Dorothea Lange: Miserable poverty - Elm Grove, Oklahoma August 1936 Ilargi: $300 billion written down, and that's perhaps 2% of the total losses. All the somewhat valuable securities have been swapped for Treasuries of some kind. Now comes the hard part.Of course I know that the longer it takes, the more people think we must be wrong. Good luck with that. What has me thinking today can
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