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Pension Tsunami will never make landfall, but and pensions have yet to self-destruct -- but ask how they are hedged in the event of a correction. (Photo: AP)

(Bloomberg Prophets) — In late 2006, Aaron Krowne, a computer scientist and mathematician, started a website that documented the real-time destruction of the subprime mortgage lending industry. The Mortgage Lender Implode-O-Meter caught on like wildfire with financial market voyeurs, regularly reaching 100,000 visitors.

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