'..This scenario features a deep one-to-three year recession followed by better debt to equity, more realistic future expectations, and a public sector under control..'<blockquote><blockquote>'..dealing with this crisis: ..
Crisis 2.0 – A Forest Fire of deleveraging, political and economic changes created by necessity and need for moving forward. This scenario features a deep one-to-three year recession followed by better debt to equity, more realistic future expectations, and a public sector under control.' - Steen Jakobsen</blockquote>
Eventually Crisis 2.0 will take hold, and the sooner the better.
..
Plan C: Germany, Austria, the Netherlands and Northern Europe break off the Euro. Alternatively Greece leaves via plan B, then Plan C takes over for everyone else.
- Mike "Mish" Shedlock,
Point of No Return: Will it be Japanization, Monetization, or Crisis 2.0?, September 20, 2011</blockquote>
Context<blockquote>
(During the reorganization) - Trade: Greece, Turkey, Egypt, Italy'..the China property boom has gone beyond bubble to an outright Ponzi scheme.' - Mish (
Source, September 19, 2011)</blockquote>