That was Jane D's argument. Michael Pollack posted the transcript of her
discussion with Doug Henwood either here or at LBO.
Fred B. Moseley wrote:
below is an article in last Saturday's Financial Times,
which concludes that the day of reckoning for the dollar is close at
hand.
The
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Saturday, May 04, 2002 1:23 PM
Subject: [PEN-L:25676] Re: day of reckoning for the dollar?
That was Jane D's argument. Michael Pollack posted the transcript of her
discussion with Doug Henwood
Following the deficit debate, I've been hearing about this day
of reckoning for 12 years. It must be getting really close!
I'd say the key issue in all this is the Bubble. U.S. assets still
seem to be over-valued.
As for the accounting scandal, it may be that the ingenuity of
Euro and
Fred writes:
Related to the Business Week article sent to the list last
Friday by Jim D. on the danger of the US deficit on the current account
and
increasing foreign debt, below is an article in last Saturday's Financial
Times,
which concludes that the day of reckoning for the dollar
Max Sawicky wrote:
Bob Eisner used to point out that those holding dollar-denominated
assets who started to bail out ran the risk of taking a bath as the
process continued.
How's that any different from any other speculative market? People
sell stocks in a bear market, it drives the value of
Don't know. After the tornado takes me, I'll ask him.
Maybe he was referring to a consideration inhibiting
a possible decision by foreign governments. - mbs
Bob Eisner used to point out that those holding dollar-denominated
assets who started to bail out ran the risk of taking a bath as the
