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A size 37 shoe! But why stop at stock markets? A fail to deliver of physical commodities would qualify too. Most clearing members are already dubbed as too big to fail. Is it even possible for a futures exchange, the ultimate of contract guarantors, be NOT too big to fail?

Dum-dum. Oil will be the catalyst to re-inflate the economy. Physicals en masse along with infrastructure equity will participate. As the economy re-inflates, insolvent giants will unload still more toxic material, all the while interest rates remain near 0%. The re-inflation causes at best...