Post-Election U.S. and Global Economies and Market Prospects, Risks, Issues

Author
Allen Sinai
Date
2005-01-18
Views
3523
A.Sinai_Post-Eclection_US_and_Global_Economies_and_Markets


Post-Election U.S. and Global Economies and Market Propects, Risks, Issues

- Speaker: Allen Sinai, Chairman and Chief Global Economist, Decision Economics, Inc.

- Date : January 18, 2005.

"There is the possibility of a major slide in the value of the dollar. The dollar is vulnerable and there is the possibility that in a short period of time there will be a "crash", though we have to define what that word means.... The fragility brought about by the combination of high budget and current account deficits, which have come for various reasons - one of which very little can be done about, i.e., the healthcare and societal demands on the budget in outyears - makes the two deficits, rising debt, and non-service of debt when interest rates rise that go with it, very scary..."
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