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To: sammy™ -_- who wrote (476)	6/25/2006 1:37:16 PM
From: sammy™ -_-	Read Replies (1) \| Respond to of 1939

Wary currency traders have been expecting a dollar-slide for months but were nervous about the possibility of widespread panic. Everyone from Bill Gates to Paul Volcker has predicted that the current trade deficit of $800 billion (7% of GDP) would inevitably produce a weaker dollar, so it is only natural that China, Japan and other foreign lenders would begin to cut back on their purchases. The danger to the United States, however, remains extreme. If the transition doesn't go smoothly, it could precipitate a run on the dollar and trigger economic pandemonium. No one wants to see the world's economic powerhouse pirouetting through the ether in flames. By the same token, no one wants to be the last man holding onto stockpiles of scrip that are diminishing in value