Is this the beginning of the end of our paper tiger economy?
Fed minutes send dow, nasdaq freefalling
ap - volatility returned to wall street tuesday, sending stocks plunging as investors grew more uneasy about the economy and whether the federal reserve will take the steps needed to prevent credit market problems from spreading further.
fed hoped market would right itself ap
consumer confidence down in august ap
home prices: steepest drop in 20 years ap
chrysler said looking to drop some units ap
how can all this be happening at the same time if our economy is so great? what is
going to happen when the profits from iraq stop?
Answer
I think it will balance out. but the worst scenario would be this:
all the foreign countries that are currently storing all the dollars wa is cranking out fast as you
begin to gradually dump them. they wont do it suddenly very gradually they would trade the dollars into euros or just start buying euros only. that combined with the lack of actual bloke
ufacturing in this country is a bad combination ideed.