Low Wage Pay Gains

Dennis R Redmond dredmond at OREGON.UOREGON.EDU
Sat Feb 6 18:23:05 PST 1999


On Sat, 6 Feb 1999, Doug Henwood wrote:


> >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?

If the Federal Reserve flow-of-funds data is correct, it's now a roughly 800 billion euro question (US debt to the EU) and counting. Compound interest sure is a bear, eh?

-- Dennis



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