Like many others in the world of finance, including George Soros, [Todd Harrison] believes that the subprime implosion of 2007-2008 was only the opening act of the financial crisis and there's more to come. The timing of the second phase is still unknow[n], however it's only a matter of time as government policy has been to mask the symptoms rather than cure the disease (sic).
---Minyanville, 6/17 video at link...
---Todd Harrison is founder of Minyanville, a proprietary market commentary site. The link is to one of their occasional public notes.
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