The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (30441)	9/29/2010 7:14:59 AM
From: Real Man	2 Recommendations Read Replies (1) of 71475

Not so much birth/death as folks just can't find a job and fall off unemployment. The real employment picture remains very ugly. However, that is more of a norm rather than an exception following a severe financial crisis. In a Keynesian model for an isolated country jobs would stay bad for a couple of years following sharp devaluation of the currency, then start recovering. Of course, the whole globe now wants to devalue... We are in depression, and will stay here for some time, longer than a couple of years, pretty much regardless of what Ben does. Simply put, nothing will work for a while, as printing will push costs higher. Yeah, asset and credit bubbles are to blame, and we'll need to work off the excesses over time. High unemployment is here to stay.

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