DAVOS, Switzerland: The long-term fallout from increased borrowing by the U.S. government, and its potential to drive up inflation and interest rates around the world, seems to getting more attention here than in Washington.
“The U.S. needs to show some proof they have a plan to get out of the fiscal problem,” said Ernesto Zedillo, the former Mexican president who helped steer his country through a financial crisis in 1994. “We, as developing countries, need to know we won’t be crowded out of the capital markets, which is already happening.”
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[...] reset button of a panicked mind is to immerse yourself in nature. Id suggest San Mateo or West Marin or Point Reyes, but if your car has been repossessed, a mere $1.50 gets you to Ocean Beach via Muni. For avian [...]
with this second bailout, dollar will suffer greatly, just deepening the recession that’s headed for depression. Britain is on the verge of collapse, and the US might soon follow because dollar will keep on depreciating and the US dollar will become less powerful, and nations US owes want their debts paid. US haven’t addressed the question “how and when they’ll pay their debts” AT ALL.