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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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