I personally look for a 4th-quarter bloodbath to extend through, say May 2004. All of the same economic players that cost Bush I in 1992 are back, and private debt simply exploded over the last decade. At some point, the turkeys at the Fed are going to have to defend the dollar. I don't see how letting the currency fall off the cliff is good for America in the long run...
"I don't see how letting the currency fall off the cliff is good for America in the long run..."
Are you sure that the fed doesn't want the US to fall off the cliff and become a 3rd world country?