Another depression like print

http://www.telegraph.co.uk/finance/financetopics/recession/5901961/British-economic-collapse-rivals-Great-Depression.html

These markets are pricing in a return to bubble margins and bubble earnings. In my finest English I say, "It just ain't gonna happen."

(Not mention we have huge government involvement in markets and economies, too. Throughout history that hasn't exactly panned out too well.)