Bloomberg.com: Worldwide

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Bloomberg.com: Worldwide: "“The economic setback is still in its early stages, and any further decline in housing prices could accelerate the downturn, intensifying the pernicious feedback loop and possibly leading to a second wave in the financial crisis in the next 6-12 months,” Ozeki wrote. “In order to overcome that second wave, governments worldwide would have to spend vast quantities of fiscal funds. The resulting erosion in their finances would increase the risk of dangerous side effects.”"

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