At last Wednsday's study circle, we discussed the question, "Is the economy heading for a 'crash'?" featuring this article from the September 20 International Herald Tribune. Central to the question is what will happen to the US dollar with it's enormous balance of payments deficit. Here's some stuff that's come up in the blogosphere in the past few days. Daniel Drezner asks, "The big question that watchers of global finance have been asking in recent years is: what happens when the Asian central banks stop buying dollars?" Brad de Long adds "It's a little more complicated."
Posted by sandwichman at November 8, 2004 06:12 PMHeh, it never rains but it pours eh. I've been posting a bit about this at my blog (see url, I need to learn how to post links within comments) Article Name is "Ruppert's Economic War. Michael Ruppert had an interesting article out on how now that the elections are finished with it is time to get on with the economic warfare.
Let's try that blog URL again.
Posted by: ov at November 12, 2004 01:27 AM