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Doug Henwood dhenwood at panix.com
Sat Apr 15 08:59:26 PDT 2000


Dennis R Redmond wrote:


>If the Bubble is bursting, the real effects are going to show up
>elsewhere, in the credit system of which the Bubble is merely a, as it
>were, Zizekian symptom. I'd expect a massive run on the US dollar,
>followed by an implosion in the US credit infrastructure, as the 300
>billion EUR annual inflow of foreign capital fueling the economy slows to
>a halt, followed by a nasty structural-adjustment-style recession.

Yeah, but remember 1987....hysteria followed by George Bush.

Doug



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