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I agree, but it is in a lot of trouble.

All economies have cycles, and the best that good management can attain is to extend the good times and shorten the bad. We're in a bad cycle right now, and it doesn't show any sign of letting up soon.

What we're experiencing is the natural byproduct of the unfettered greed that has resulted from massive deregulation of the financial markets. The mortgage crisis is not the only problem out there. Speculation in oil on unregulated markets is playing havoc with the world economy, and unregulated credit swaps have left some major financial institutions with a huge liability.

Put on your seatbelts, it's going to be a bumpy ride.

tk

The dollar isn't doomed. Not just yet.

The Fed needs to stop f#@*ing the economy to help a few greedy firms and get interest rates back to the 6-7% range. they also need toregulate the banking industry over here as the current loans processes are so badly setup and managed that foreign investors lack confidence in the US system. this causes them to put their money elsewhere.

We will go through two years of pain but exit with a stronger dollar and good capital influx.

Keeping these rates low is killing the dollar, contributing to oil price rises by reducing the dollar value and pushing investment into the Oil and comodities markets. This compounds the effect of a weak dollar by causing raw materials prices to rise as well.

FED, wake the F*%# up!
 
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