> ( Yes, Treasury Secretary designee Henry Paulson, Jr. is a supporter of
> the Nature Conservancy.
> Less noticed is the fact that he comes from Goldman-Sachs
> and even less noticed is the fact that he comes from the same firm that
> produced Clinton Treasury Secretary and prominent New Dem Robert Rubin.
Hmm, it sounds like Wall Street is sending in its A-team to salvage what it can from the flaming wreckage of the oiligarchy. The US current account deficit is about to go supercritical, and the US housing bubble is in the early stages of bursting, so things could get ugly.
Judging from the biz press, Euro/Asiacapital would like an orderly decline of the US dollar, instead of a potentially disastrous panic.
-- DRR