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re: Banking Sinking Faster Than Gov Can Bail

Posted on 12/30/08 at 10:58 am to
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 12/30/08 at 10:58 am to
Setzer is a sharp economist and it doesn't hurt that he is a member of the Council On Foreign Relations. That is a group of insiders that get info before most others, even Wall St at times.

Setzer has been worrying this capital flow problem like a dog with a bone for a long time. He doesn't give up on a thorny problem. I like that in a person. His comments today should be enough to frighten anyone with a lick of sense. He sure got my attention! I have not taken into consideration any extreme dollar weakness or the possibility of a dollar collapse, for at least the next two years. I Gotta rethink that now.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/30/08 at 11:13 am to
I'm at work and I haven't gotten to my RSS reader yet today, don't ruin it for me!

But yeah, his stuff is really detailed and wonky, exactly how I like it. The domestic issues are so thorny to begin with, people forget/don't realize how much of a truly global problem we have right now.
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