- BERNANKE PRINTED TOO MANY DOLLARS AND THE DOLLAR IS CRASHING.
WHAT COULD STOP IT?
ONLY A SUBSTANTIAL INPUT THAT WOULD LOWER COSTS, INCREASE SALES, RAISE PROFITS AND DISPOSABLE INCOME WITHOUT SUBSTANTIALLY INCREASING GOVERNMENT DEFICITS.
- OPEC LOWERING THE PRICE OF OIL TO $35/BARREL.
- CHINA RAISING THE VALUE OF THE RENMIMBI.
SHORT OF THESE TWO CHANGES, THERE IS SIMPLY NO WAY FOR THE GLOBAL ECONOMY TO IMPROVE QUICK ENOUGH FOR THE CURRENT RECESSION (YES: WE ARE IN A DOUBLE DIP!) - NOT TO SNOWBALL INTO A GLOBAL CRASH.
By GRAHAM BOWLEY
American indexes fell more than 3 percent as new data heightened fears that the United States may be headed toward a double-dip recession and that Europe’s debt crisis could widen.
UPDATE #2; WASH POST AGREES WITH ME:
High gas prices and scant income gains have forced Americans to pull back sharply on spendinghttp://www.blogger.com/img/blank.gif.I SCOOPED THE WASH POST. NOT BAD.
NOW THE NYTIMES IS POSTING THIS HEADLINE ON ITS FRONTPAGE:
Stocks Dive on Fears of Global Slowdown
TOLD U SO!
ONE OTHER THING COULD SAVE US:
IF OBAMA ANNOUNCES HE'S RESIGNING OR AT LEAST NOT SEEKING RE-ELECTION!
HE JUST MIGHT: HE'S CRASHING TOO!