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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (46324)12/11/2000 6:40:23 PM
From: eddieww  Read Replies (3) of 436258
 
Yes, I think the Fed will try to get a soft landing on a wing and a prayer. You, among many others including me, are dubious of their prospects. My question pre-supposed that they became dubious as well.

The Weimar Republic also had an enormous national debt not only from the expense of fighting WW1, but the reparations levied on it (no Deutchemarks accepted, thank you) via the Versailles Treaty. All of the US debt is dollar debt. US is the gorilla now, while Germany was not in the '20s, which increases the world consequences of what we do monetarily. But I'm not sure it wouldn't be easier to retreat from our national margin limb in the way I described than through some slim chance that a soft landing can be achieved, much less through a severe recession or depression in the US which will almost certainly spread worldwide.
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