> And ain't that gonna expose America's CAD and
> pressure Greenspan to hike greenback-protecting rates at the same time?
I wonder about this myself. The potential for mayhem is just astonishing, what with trade/current account/savings/profits indicators all flashing red, simultaneously. Presumably they'll have no choice but to lower interest rates to prevent a total meltdown. But unlike 1990, capital now has an attractive investment alternative: the Euromarkets. I'd say we're in for a 35% dollar devaluation and one heck of a bailout package. What Bush Senior did for the S&Ls, the Shrub's handlers will try to do for Wall Street.
-- Dennis