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'..a deep one-to-three year recession followed by .. more realistic future expectations..'

Posted by ProjectC 
'..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>