which ever way things pan out, its clear that the usa is in real big trouble. If it fails and falls into recession then the global consequences will also be huge. At present they are staving off the worst by rigging the figures (the employment situation figures, the cpi, to name just two), by hiding as much of the banking problem as they can, by pumping in money, by lowering rates, by positive spin. I think they are just one step away from total meltdown. I think non-usa global players probably know that, and may have already been asked for help. Buying up equities would help, at least at the perception level. If the problems can't be hidden at some point, then the global players will need to formally respond. Thats getting ahead of the current situation, but some sort or new bretton woods arrangement for global currency stability will probably be part of the deal. Just speculation, but my sense is that the situation is rapidly moving along this track.
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