Posted on 11/07/2007 8:24:29 AM PST by SubGeniusX
We don’t get bonuses.
A year ago people here would have thought you were making a joke or were a moron. Now.....
You need an “easy” button on your computer..../s
And here is where it gets ugly, a credit problem, so if the Feds create more currency to cover the credit market, the dollar will fall even farther, if the Fed does not, Banks and Mortgage and Insurance companies will collapse.
I know. Tells ya how bad things have gotten.
And not a one of them from that group would be worth hearing. If they were really funny, they wouldn't need laugh tracks.
As long as an individual is a net debtor and has no hard savings to inflate away, presumably this is not totally bad...
“For example, China & Japan have about $2 trillion of USD denominated reserves, held mainly in US Treasuries. Do we really think they are going to sit there and watch the real value of their holdings decline w/o taking any kind of action”
For a move this big in the dollar, they (china at least) certainly already are taking steps to reduce exposure to some degree.
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