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Walker's World: Arab spring turns chill

By Implode-Explode Heavy Industries

``The second crisis will come when business returns to normal and 30 percent of Egyptians and Tunisians in their 20s remain unemployed and a new class of graduates emerges to join them. They will demand government jobs. The government will try to comply but the government has no money. Money will be borrowed and printed. Inflation will result... Those concerned that the "Arab Spring" isn't turning out quite as happily as hoped should brace themselves. It can get a great deal worse.''

Full post as published by Mortgage Lender Implode-o-Meter on March 01, 2011 (boomark / email).