David,
Against a frightening backdrop of Fannie Mae, Freddy Mac, Lehmanns, Bear Stearn, Merrill Lynch and AIG, an immobile government as election looms, and despite all common sense to the contrary, the US currency is making an extraordinary comeback. The economists, rarely short on words, appear not to have tried to explain this one.....

This is shaping up to be bigger than the '87 crash. That leaves only the '29 crash to compare. This has presumably happened - opinions vary - because of the dilution of loan security risks, chiefly mortgages, which large financial institutions have indulged for about thirty years. To reduce their exposure to default, large banks have sold off their mortgages, enabling them both to profit in the short term, and reduce exposure, so they can release more funds to even more dubious mortgage risk. It's built up and finally crashed when manufacturing industry started to employ less people back in the seventies as Japan, then Taiwan, now China, have developed their manufacturing base. Unemployment is becoming a real issue again, and we cannot survive on service industries alone. We have to create something that people want to buy. I hope I'm not upsetting anyone by saying this.....
Now, 20 years after the Iron Curtain fell, we have capitalist conversions in Central and Eastern Europe, and a growing EU and political uncertainty in the Western and Northern European countries. There is looming conflict between Russia and surrounding states. We have lots of immigration and some religious conflict. Unease is growing, particularly in France, Britain, Ukraine and many states in Africa, it looks to me as though this rise in the USD could be a false dawn. I note gold is rising fast while oil is dropping. And China now has a giant olympic hangover on its hands, and problems with milk supply..... And Japan and Israel could have new Prime Ministers very soon, and quite possibly, both women.
The times, they are a changin'......
However, it's a good time to buy Aspen products. To bring this thread back to reality, I cannot stress enough that Hugh's 24 hour shop is enthusiastically open for business......

Seano, no problem, I will look after you mate!

Cheers,
Hugh