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Fed Can’t Save Stocks from Verge of Collapse: ‘Huge Disaster Waiting to Happen’

Yet another voice has warned that the world teeters dangerously close to a repeated and prolonged financial disaster.

With everything so connected, trouble in China means contagion in the rest of the global market, according to David Stockman, a former U.S. Representative, Reagan’s Director of the Office of Management and Budget and an investor for several major Wall Street firms.

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