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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (755041)11/28/2006 11:06:57 PM
From: RMF  Respond to of 769670
 
Yes...but you were saying the dollar's weakness today was comparable to it's weakness in the 1980's.

It is NOT comparable.

The dollar wasn't under the pressure of the MASSIVE DEBT and MASSIVE TRADE IMBALANCES in the 1980s. Today it is and even the Chinese are starting to think holding dollars might not be the best idea.

This is the post where you come back and say the "debt doesn't really matter" ......duhhhh.