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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (16644)	1/24/2009 10:45:45 AM
From: Real Man	Respond to of 71452

I don't really know what's best. Volcker's suggestion of nationalization of the financial system may be pretty much unavoidable (when it applies to derivative monsters JPM, Citi, and BAC). The derivative contracts will be canceled in such arrangement, but not the credit bubble itself. Under takeover rules the management always goes. I am mildly optimistic as far as cronyism goes - I think we'll see a lot less of that, and some prosecutions of white collar crimes as well. We have to see how things will go. I'm also optimistic that US could possibly return on a path of sustainable growth within a reasonable time frame of 2-4 years, but that will depend on the policy actions. We could be stuck in a rut for another decade.