Saturday, December 8, 2007

FX 6

Okay, so, er, the World According to Dr. Cunningham is not flat. Or, if so, it is incredibly tilted. Tilted away from America, as all of our resources go spilling out, and exports and foreign investments come spilling in, whacking our current account harder and harder each year. Yep, based on his analysis, a devaluation of the dollar is bound to happen eventually. And then, all hell will break loose, and Fagin will round up all the sad little boys and give them hope and teach them how to pick BIG pockets by being sweet little social engineers. But I digress....

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