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Dollar losing value rapidly

Discussion in 'Economics and Financials' started by padre31, May 22, 2009.

  1. padre31

    padre31 Premium Member Luxury Box

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    inching to 100k posts
    http://www.telegraph.co.uk/finance/...e-as-fears-grow-over-Americas-AAA-rating.html


    If the dollar continues to fall, and if we lose a AAA debt rating the US Economy will be in a malaise for a very long time, as in a decade or more, and when the US emerges from it, we will see our standard of living a shadow of what it once was.

    Geithner "promising" not to let the debt get out of hand is laughable in the face of the projected budget deficits for the next 5 years. Add in the dollar losing it's "safe haven" status on top of the Quantitive Easing, and inflation will, not might, will run at 5% or 6% or more.
     
    2socks and gafinfan like this.
  2. anlgp

    anlgp ↑ ↑ ↓ ↓ ← → ← → B A

    good to see we've all worked for no damn reason at all.
     
    Agua likes this.

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