Low Wage Pay Gains

Doug Henwood dhenwood at panix.com
Sat Feb 6 15:04:33 PST 1999


Daniel wrote:


>Doug wrote: "Also, I'll bet Greenspan & Co. are terrified of what would
>happen if the U.S. bubble
>did burst, so I think they're closing their eyes to it for the moment and
>hoping all this bad stuff just goes away."
>
>Don't you think Greenspan will have to raise interest rates to protect the
>dollar? If there's a run on the dollar, the whole jig is up.

That's the 64 billion euro question, isn't it?

Doug



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