Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
dollar a stable investment; is immediately putting on the market $100 billion in U.S. Gov't bonds for immediate sale at the offer price.
There is panic in the financial markets. Dow Jones futures are down 1500 points in Asia. Interest rates on the ten year are now up to 6%. Recession in the US seems certain. The dollar is trading at .55 euros in Asia.
Iran? Who ever heard of Iran?
Get my point?

Hey, Grandma Moses started late!
by LEP on Fri Oct 26th, 2007 at 01:19:43 AM EST
They'd do it anyway.

Capitalism searches out the darkest corners of human potential, and mainlines them.
by geezer in Paris (risico at wanadoo(flypoop)fr) on Fri Oct 26th, 2007 at 03:26:39 AM EST
[ Parent ]
They would not IMHO, any more than the Brits stayed in Suez when the US read them their fortune.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Fri Oct 26th, 2007 at 06:26:59 AM EST
[ Parent ]