Is U.S. Dollar Weakness a Recession Indicator? [View article]
Do you hear that drum beat special1? It's the remaining 3/4s of the world economy trying to size us up for our coffins without admitting it. It's the sound of a dragon licking his chops delirious at the thought of how unlikely it is that anyone will be grabbing him by the tail. And a butcher sharpening his cleaver in preparation to divy up the remains of those who dare try!
It's reverse subversion. $5.00 an hour welders who are not important enough to their employers to provide them with hardhats or steeltoe boots. Asian collection agents who don't know you from Adam but specialize in why you missed your mortgage payment.
Now as far as fiscal policy goes, we'd all have to be prepared to wrestle that bugger down. What is the national debt now anyway? Aside from the question of employment, I understand theres a grand "plan to rescue the credit market". Print more money but don't mind more gold. And heaven forbide some moron suggest a return to the gold standard. Lets see, do you think 5,000 tonnes would equal $45 trillion? Thats another reason their in no rush to bury USD, the same reason we won't return to the gold standard and the same reason their just barely able to control the price of it.
By the time prices skyrocket at Wally Mart, it might be well past too late to matter.
Is U.S. Dollar Weakness a Recession Indicator? [View article]
It's reverse subversion. $5.00 an hour welders who are not important enough to their employers to provide them with hardhats or steeltoe boots. Asian collection agents who don't know you from Adam but
specialize in why you missed your mortgage payment.
Now as far as fiscal policy goes, we'd all have to be prepared to wrestle that bugger down. What is the national debt now anyway? Aside from the question of employment, I understand theres a grand "plan to rescue the credit market". Print more money but don't
mind more gold. And heaven forbide some moron suggest a return to the gold standard. Lets see, do you think 5,000 tonnes would equal $45 trillion? Thats
another reason their in no rush to bury USD, the same
reason we won't return to the gold standard and the same reason their just barely able to control the price
of it.
By the time prices skyrocket at Wally Mart, it might be well past too late to matter.