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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (367678)	1/21/2008 12:50:58 PM
From: tejek	Read Replies (1) \| Respond to of 1576229

The strength of a country's currency reflects the strength of the country's economy. It why other country's have wanted to own dollars, and why the dollar has been the global medium of exchange. As the dollar keeps longing to be a Peso, that's what we lose. You cut interest rates and the economy will strengthen and the dollar will improve....however, it will take time. All of the subprime crap hast to be identified and expunged. And all the housing inventory has to be sold off. You throw this country into recession now and it will take many years. You lower the interest rate to below 4% and it will happen in 2-3 years. I think you have no idea with what we are dealing.......how serious the problem really is. The subprime problem is a lot bigger than anyone thought......it encompasses not only the mortgage lenders and originators but the insurers as well. Bernanke has to stop fukking around and start cutting his ass off.....even now it may too late.