Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Sunday, November 21, 2004

IT'S COMING . . . Morgan Stanley's Chief Economist on the day of reckoning:
The day will come when foreign investors simply say no to buying U.S. investments without getting a better return. That's when the dollar collapses, U.S. interest rates soar and the stock market plunges. Under such a crisis scenario, a U.S. recession would be all but inevitable.

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