Has anyone heard about a new debt ceiling yet?

Doug Henwood dhenwood at panix.com
Fri Feb 21 17:08:09 PST 2003


Steven wrote:


>Not sure about an end of the world scenario, but a higher debt ceiling
>will put downward pressure USD, which needs all the help it can get
>right now. That is, if you believe the Bush administration's public
>statements about a strong dollar policy.

Yeah the US$ is looking wobbly <http://finance.yahoo.com/q?s=^XEU&d=c&k=c1&a=v&p=s&t=6m&l=on&z=m&q=l>. Foreign exchange trends often last a long time. If the Bush admin believed in a strong dollar, they wouldn't be running such big deficits and alienating your creditors with your political belligerence.

Are you one of those left Austrians?

Doug



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