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http://www.hussmanfunds.com/wmc/wmc080721.htm

Hussman Funds – Weekly Market Comment: How the War, Tax Cuts and the Swaps Market Debased the U.S. Financial System – July 21, 2008 via kwout

This is a long article and not an easy read, but well worth the effort. BTW I have a substantial portion of my IRA invested in the Hussman Funds.