NP - US Dollar Collapse?

[Charles Albert]

The wages of Supply Side......


and it isn't going to get much better soon....



love,
cfa



On 10/24/07, David Morris <fqmorris at gmail.com> wrote:
>
> Fom Boing Boing:
>
> http://www.boingboing.net/2007/10/24/imf-head-dollar-coul.html
>
> Uh-oh. The outgoing head of the IMF thinks that the dollar might collapse:
>
> "There are risks that an abrupt fall in the dollar could either be
> triggered by, or itself trigger, a loss of confidence in dollar
> assets," Rato said at the close of annual meetings here of the IMF and
> the World Bank.
>
> The outgoing IMF managing director spoke here as the European single
> currency hit a new high of 1.4347 dollars and global equity markets
> plunged amid renewed fears a US credit crunch could pitch the world's
> biggest economy into recession.
>
>
> http://news.yahoo.com/s/afp/20071022/ts_afp/imfeconomyforexdollar_071022192726
>
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