THE WEBLOG OF KEVIN C. MURPHY: CONJURING POLITICAL, CINEMATIC, AND CULTURAL ARCANA SINCE 1999

Faith-based Currency.

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The dollar tanking? No problemo for this administration, who see a weak dollar as key to offsetting our ballooning trade deficits. "The unsettling worry, however, is what could happen if foreigners suddenly lost interest in holding dollar-denominated investments. The outward rush from U.S. stock and bond markets could send stock prices crashing and interest rates soaring." Well, at least my college loan debt isn't in Euros.

1 Comments

Fritz said:

Trillions in Asian debt to buy Asian products, what a way to invest in America Duh buyeah.


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This page contains a single entry by KcM published on November 15, 2004 12:51 AM.

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