Ellen, your possibility of a Nader victory tumbling the dollar
seems inconsistent with the rest of your analysis. My
understanding is that anything that created the possibility of a
weakening of the US economy (relative to other major economies)
could set off a panic.
For example, if the financial world saw the new Japanese leader
as a reincarnation of Reagan who would reinvigorate their
economy, at the same time that the US economy faltered, then a
panic could occur.
One other factor in the US economy's favor is the synchronization
of the world's major economy, which would support Ellen's thesis
that the holders of $$$ would have nowhere to go.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
