svkoho

Dollar Strength: An Illusion

Interesting article but the comments ignore what the author said. There is movement away from foreigners holding US debt. That is the single most important pillar propping up the increasingly fragile US economy given these huge budget and current account deficits. If that crutch is yanked, you will have wished you'd sold your stocks when they had dropped only 50%. I have named this event the Panic of 2008 in my blog. Try as I can, I cannot conjure up a scenario that allows a near term recovery of useful economic activity. Katie, bar the door.