To: TigerLikesRooster
What?
Ambrose has been yelling day after day that the dollar was about to collapse and a depression was imminent...
3 posted on
08/14/2008 12:54:29 AM PDT by
DB
To: DB
Such a danger existed, and it was averted for now by Fed intervention.
On the other hand, the likely sequence of events then and now would be:
- U.S. economy goes into turmoil -->
- it affects Europe and the rest of the world, pulling them into economic crisis(a good portion of U.S. financial risks were outsourced) -->
- U.S. enjoys temporary respite -->
- U.S. joins the rest of the world.
In the end, there would be no decoupling.
4 posted on
08/14/2008 2:03:14 AM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: DB
LOL. The US dollar is rallying, not because the US economy and financial structure is good, healthy and strong, but because it looks better in comparison to everyone else’s!
It’s not exactly the best news I’ve ever heard...
5 posted on
08/14/2008 2:04:12 AM PDT by
Vanders9
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson