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With No Bailouts Coming, US Must Take Its Medicine

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Don't expect China or corporate America to come to the rescue. The path now leads through debt destruction and reorganization.

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In the wake of S&P's downgrade of US debt, Todd made a guest appearance on Yahoo's The Daily Ticker with Aaron Task.

This is the second side of the financial storm, he says. While some expect China to come to the US' aid, Todd isn't holding his breath. Instead, the economy will have to take its medicine in the form of debt destruction and reorganization, a resetting of sorts. It's simply what needs to happen in order to regain balance.

Watch the full video below. Get Todd's market commentary in real-time with a free trial to Buzz & Banter.

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No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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