The dollar continued its decline in global currency markets yesterday, intensifying worries among some economists that mounting U.S. budget and trade deficits could send the U.S. currency into a tailspin.
President Bush's news conference yesterday did little to lessen concerns over the deficits, Wall Street analysts and currency traders said. Bush simultaneously promised not to raise taxes under the guise of tax simplification, to pursue a costly restructuring of Social Security and to cut the budget deficit in half by 2009.
The currency markets aren't buying it, said William G. Gale, an economist at the Brookings Institution.
White House officials "have Alan Greenspan to help keep interest rates down, but they can't control the foreign exchange markets," Gale said. "I think investors are acting appropriately."
More ... http://www.washingtonpost.com/ac2/wp-dyn/A26581-2004Nov4?language=printer
How can he keep the promises when he cannot kept his promises for 4 years? He will break the promise once again and destroy our economy. If you doubt me, check this out: http://www.compassiongate.com/promises/
President Bush's news conference yesterday did little to lessen concerns over the deficits, Wall Street analysts and currency traders said. Bush simultaneously promised not to raise taxes under the guise of tax simplification, to pursue a costly restructuring of Social Security and to cut the budget deficit in half by 2009.
The currency markets aren't buying it, said William G. Gale, an economist at the Brookings Institution.
White House officials "have Alan Greenspan to help keep interest rates down, but they can't control the foreign exchange markets," Gale said. "I think investors are acting appropriately."
More ... http://www.washingtonpost.com/ac2/wp-dyn/A26581-2004Nov4?language=printer
How can he keep the promises when he cannot kept his promises for 4 years? He will break the promise once again and destroy our economy. If you doubt me, check this out: http://www.compassiongate.com/promises/