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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: RonMerks who wrote (2193)	8/10/2006 3:15:43 PM
From: CapitalistHogg™	Respond to of 50728

If commodities crash what will happen to foreign currency, specifically countries that have huge exports of oil, gas, electricity etc etc.?

To: RonMerks who wrote (2193)	8/10/2006 5:26:13 PM
From: ecrire	Read Replies (1) \| Respond to of 50728

For one thing, Volcker deliberately engineered a recession in 1981/82, forcing interest rates sky high. This situation does not apply today. Also, in 1981/82 you did not have China and India as voracious consumers of natural resources. As for real estate, it's cooled off, but talk of a "crash" is far from reality.I don't agree with his outlook at all.