Originally posted by GRUNHERZ
His little "American Rubles" bit the other day made it impossible even for me to ignore the long long lines infront of our stores... I guess he was right after all... Everything is lost!
Grun, most of those people are paying with...let me help you here...credit cards.
Consumer spening is at an all time high, but so is consumer debt. That, combined with a massive federal debt, war spending and a declining dollar is kind of scary.
I'm concerned, having witnessed a trends towards "flight" from the US dollar in investors.
I haven't read all of the GS thread because I don't want to get involved in another Euro/US bash fest.
But there is my 2 cents on the state of the US economy right now.
Don't think for a second that I am happy about it. Our dollar is pegged to the US dollar.