Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (38864)	9/26/2003 5:40:57 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

>>The stock market crash in 1987 had a catalyst in James Baker's pronouncement over the weekend before the crash that the US would no longer support the dollar. At the time, the US was running ever-increasing budget deficits and current account deficits. Sound familiar? Does Treasury Secretary Snow realize what he's saying? Are we setting ourselves up for a repeat? Plenty of liquidity out there, but does an intentional devaluation of the US dollar scare them away at some point?<< Message 19326730

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