Monday, March 24, 2008

A reversal of fortune?

Recession in U.S. Sows Slower Growth, Weaker Dollar
source Bloomberg

"We're going to have 4 to 5 percent inflation,'' says Kenneth Rogoff , former chief economist for the International Monetary Fund who's now at Harvard University. "The dollar will continue to drop and stay down for years. And we're going to end up with more regulation.''

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