You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Dollar falls...[see below]...Bush looses in a landslide. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
ochazuke Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-03 12:30 AM
Original message
Dollar falls...[see below]...Bush looses in a landslide.
Advertisements [?]
Dollar falls on foreign exchange markets today. (You read the news).

The U.S. economy is kept afloat by a huge capital inflow from other countries that helps offset our now huge deficits in international trade and government expenditure.

If foreigners get spooked and think there's a better place to invest (and with Bush at the helm....) the capital outflow would cause a fall in the dollar, and a fall in U.S. equity markets.

It feeds on itself: Fearing an outright collapse, the capital outflows get more intense until you have a market panic.

Higher interest rates alone (certain to be part of this scenario) would wreck the U.S. economy. Unemployment might reach double digits before November, 2004.

Now, who would get blamed for this?

Printer Friendly | Permalink |  | Top
 

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC