U.S. foreign debt

[Rakesh Bhandari]

I still haven't read Gowan on the role of the US Treasury in forcing that
reversal as a way of bring SEAsia to its knees. Boddi used to shoo-shoo
such conspiracy theories. I guess I am coming across to seeing your point.
Plus, like SE Asia, much of America's debt is in short term securities,
making the US all the more vulnerable. It is however plausible that the
US asset market will resume its upward march soon (the Nikkei seems to me 
headed for another nosedive), the dollar will reach for the stratosphere,
real producers will collapse, and the breakdown will come from the real
side of the economy (due to both the rising dollar and  no export growth
due to stagnation abroad). In this way, the problem would come about from
the real not the financial side as in SE Asia, no? 

Yours, Rakesh