My Dear American people:

  Please do not say this time is different because it is not!! Please remeber what happens in those horrible years when both stock and bond go down. It takes several years to rebuild the faith. And it takes several years to have those markets on the right track. I know the punch party is over and everyone is still in drunk. But you have to have a crystally clear mind as this time will not be different. I have to say again that the emerging markets are in the danger of deflation even though we see their sovereign bonds go down. The U.S.A. may be in the position of disinflation if you do not help theose Americans with heavily debts. The market may not go up but to go down more than we know. If you do not try to solve and answer the market asking, the situation may get even worse. Everyone is afraid of the deflation may happen in the States if all of Americans just lose their faith NOW. It should be remined that those kind of horrible ghost stories are just to come AGAIN.

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