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Posted on 28/07/07

'Reckoning' begins for prophet of doom

For investors, this has been one rude interruption to a glorious summer. In the space of five days, the Dow was trashed, the FTSE fell, the Nasdaq went into a nosedive, and the TSX had its worst week since September, 2001. From Mexico City to Dublin to Bucharest to Sydney, it was nasty.

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