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To: Crimson Ghost who wrote (63240)2/2/2001 7:53:51 PM
From: Rarebird  Read Replies (1) | Respond to of 116759
 
<A severe and prolonged recession will radically reduce confidence in the financial system, the dollar, and the great God Greenspan. Once the ongoing belief that Greenspan will put everything right soon is shattered, anything can happen.>

I agree with you in regard to Greenspan and the financial system. In regard to the dollar, however, it is necessary that the coming downturn in Europe does not become worse than in the USA. Otherwise, the dollar index will still remain relatively strong.