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You know things have really changed when Economists start revising their statements more than the data. What's going on in the global economy has quickly reached a critical stage. This represents a big shift in expectations, a really big one, especially in the mainstream, where the words "strong" and "boom" couldn't have been used any more than they were. If you read nothing other than Bloomberg, it's as if some alien force has descended upon the world and completely spun it around the other way.