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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (397654)7/10/2008 12:22:17 PM
From: Road Walker  Read Replies (1) of 1575675
 
The dollar can recover fairly quickly....the recovery from a failed FRE and FNM will take a very long time. They are the backbone of our housing market in this country. They provide securitization. Without them, there is no housing market.

Which is part of the reason the dollar wouldn't recover.

We've talked about the great unwinding of the twin deficits many times on this thread. There was never any question IF it will happen, only a question of WHEN and HOW, fast or slow. Fast is very bad.
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