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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: sciAticA errAticA who wrote (7253)	6/16/2006 8:53:27 AM
From: elmatador	Respond to of 217591

Volcker and the effects in the US economy: Volcker unleashed the debt crisis by raising interests through the roof. The 80's are still fresh in mind as it is every USA blue collar who lost his job. “ The debt crisis has had direct effects on the U.S. economy. As a result of the austerity programs imposed upon the indebted countries developing countries as well as high dollar, U.S. exports to Latin America fell by $7 billion between 1980 and 1986. By one estimate, over 340.000 U.S. jobs were lost because of the decline in exports.” Aho, C. Michael & Levinson, M., After Reagan, Confronting the Changed World Economy, New York: Council of Foreign Relations, Inc., 1988. In 1985 the U.S. had 650.000 fewer jobs due to the decline of exports to the Third World since 1980. Additionally about 1.1 million have been lost that would have been created if the growth trend of the 1970s had continued...” Bradshaw, Thorton F., Daniel, Burton, Daniel F. Jr., Cooper, Rchard N., Hormats, Robert D., America’s New Competitors, The Challenge of the Newly Industrialized Countries, Cambridge, Mass., Ballinger Publishers, 1988.