>>The dollar’s rise was to set in motion a US financial bubble, which continued until April 2000.<<
Get with the program, Les, it wasn't the dollar, it was ALAN GREENSPAN who made everyone buy stocks, who insisted that everyone borrow on their credit cards to buy AMZN at 100.
What's that? It was Uncle Al's policies that drove the rise in the dollar? By lowering the discount rate agressively, he errr, he ummm, made the dollar so attractive that, errr.....wait a minute, when interest rates go down, doesn't that make a currency less attractive? Well, anyway, Greenspan did it. I read it somewhere. |
