09-14-2007, 09:15 AM
|
|
|
Confirmed User
Join Date: Apr 2004
Posts: 1,187
|
http://www.iht.com/articles/2007/09/13/news/econ.php
Quote:
|
"This is all pointing to a greatly increased risk of a fast unwinding of the U.S. current account deficit and a serious decline of the dollar," said Kenneth Rogoff, a former chief economist at the International Monetary Fund and an expert on exchange rates. "We could finally see the big kahuna hit."
|
and..
Quote:
|
While most economists just a few months ago would have dismissed the prospect of a dollar collapse outright, they now are debating the possibility that something on par with the dollar debacle of the 1970s might just happen again.
|
__________________
I like cookies.
|
|
|