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Reader Comments (Page 1 of 1)
3-24-2008 @ 11:46AM
Fletcher McG said...
Well, I am an economist (and a drinker), and the pain you're feeling is going to continue unabated for some time. There might be some mild relief when the Fed finally starts bringing the interest rates back up, but all these cuts are leading to inflation about 2-3 years down the road, which will keep the dollar weak until the piper comes due on the government obligations to retiring baby boomers. We've still got a good 10-15% drop vis-a-vis the rest of the world, and that won't go away until these budget and trade deficits swing to surpluses.
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