(no subject)

[novapsyche]

The buck doesn't stop here; it just keeps falling: Crumbling value of the dollar resonates through slumping economy

As gas was $20/barrel in 2000, I love to think that our dollar has become 1/7th of its former strength (that is, before Bush came into office).

Comments

US Economic warnings

[entheo.livejournal.com]

Actually its fascinating to watch it from the other side of the world,
last week our main broadsheet newspaper ran some interesting articles

IMF finally knocks on Uncle Sam's door

US banking system is doomed

and on our Public Radio (which I listen in on the way to work - I heard this and thought I tell some of my American friends) and on podcast

"The Swiss-based Bank for International Settlements is the central bank
for central banks.
Its latest annual report argues that the consensus view underestimates
the problems and the world economy may be at a tipping point, facing an
economic catastrophe."

So if Im reading/listeneing to it on such staid, establishment papers as the Age
running those articles about the troubles in the US, and ABC 774 talking
about the imminent collapse of the US economy, in the media of a close ally of the US. its a bit of a worry.
Of course their are always to blogs to calm and reassure

Re: US Economic warnings

[jojomojo.livejournal.com]

Let me tell you, as a Briton living in the US and being paid dollars, it really sucks when I want to go home and visit my family.

Fortunately, unlike most Americans, I can always move to Europe with Holly if things really go down the toilet.

Re: US Economic warnings

[entheo.livejournal.com]

I think that in about 6 months time, Europe might be a very good place to watch whats happening over in America. Then again, living in America at the moment is a good place to watch interesting events unfold (especially if you have an emergency exit), of course things might turn out fine, but then again America might get Bushed.