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Politics : Foreign Affairs Discussion Group

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To: Sun Tzu who wrote (150856)	11/3/2004 12:10:28 PM
From: Michael Watkins	Read Replies (2) of 281500

I predict that by 2008 we will be sitting on a massive debt and an all time low USD The all time low USD will happen much faster than that... Given the current account deficit and its rate of change, sooner, than later. It would not surprise me to see a sudden dislocation of some sort shake up world currency markets, only this time, its going to be the US that is in the news, not a back water state, not some place like Russia or Argentina. Euro against USD is mere cents from its all time high here....

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