according to an "internal client note" from the US bank Citigroup (excerpt):
The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed though into an inflation shock. [ed: can you say hyperinflation?]ive been saying this for a while now, and everyone's been calling me crazy. i guess citigroup is crazy too, huh?
Or it will not work because too much damage has already been done, and we will see continued financial deterioration, causing further economic deterioration, with the risk of a feedback loop. We don't think this is the more likely outcome, but as each week and month passes, there is a growing danger of vicious circle as confidence erodes.
read the whole thing. its harrowing.