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December 01, 2006
Back to the Dollar Obsession
Being dollar denominated in terms of compensation is getting painful again. The FT notes fears of a hard landing, which you may read as a dollar collapse cropping up.
With the extremely poor fiscal management on the part of the so very clearly generally incompetent Bush Administration, there is real fear in the circles I travel in that a dollar valuation slide could provoke a serious crisis. Not a necessary crisis, but one provoked by delusional policy response.
There is a MENA angle as well with respect to the sustainability of commitments.
Posted by The Lounsbury at December 1, 2006 09:36 PM
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Perso Biz Notes
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