My personal call for economic doom was sometime this summer, based loosely on predictions by GEAB, Marc Faber, Karl Denninger, Mike Shedlock, and watching the Treasury market. Looks like a bit of a bounce in the dollar today, but we also have a paper released from the Fed saying that all currency collapses aren't bad.... Wonder why that is? I don't think it's a good idea to call for bunker time, but it is good to have it at the ready just now.
Link:
http://tickerforum.org/cgi-ticker/akcs-www?post=97405Quote: " Abstract: Sharp exchange rate depreciations, or currency crashes, are associated with poor economic outcomes in industrial countries only when they are caused by inflationary macroeconomic policies. Moreover, the poor outcomes are attributable to inflationary policies in general and not the currency crashes in particular. On the other hand, crashes caused by rising unemployment or external deficits have always had good economic consequences with stable or falling inflation rates. "
All that believe this, stand on your head and wiggle your ears, okay?
Local fix-it guy..