Let's see now........
Many countries are and will be switching to the Euro (causing the dollar to sink dramatically and foreign money to leave this country).
http://tinyurl.com/qe8u Then there is the little matter of our country's
$6 trillion debt (and climbing) to other countries.
http://biz.yahoo.com/rf/031008/economy_treasury_debt_1.htmlfor which even the IMF (International Monetary Fund) has reproached the U.S.
http://money.cnn.com/2003/08/27/news/economy/imf_deficit.reut/index.htm Jobs are disappearing at an alarming rate, never to return....thanks to NAFTA and WTO rules.
Plus the last leg that has been holding up the economy...the Housing Market...is about to implode.
Lending rates are rising
http://money.cnn.com/2003/07/23/news/economy/mortgages.reut/index.htmand Mortgage investors Freddie Mac and Fannie Mae are in such dire straits that Forbes has compared it to the sinking of the Titanic -
http://money.cnn.com/2003/07/23/news/economy/mortgages.reut/index.htmhttp://money.cnn.com/2003/07/15/news/companies/fanniemae.reut/index.htm which has been worsened by the bond chaos -
http://story.news.yahoo.com/news?tmpl=story&cid=1106&ncid=1106&e=5&u=/ft/20030803/bs_ft/1059478674114 Major banks are unloading their mortgage positions.
http://money.cnn.com/2003/07/29/commentary/bidask/bidask/index.htm Not surprisingly, homelessness is on the rise -
http://www.usatoday.com/news/nation/2003-08-11-homeless_x.htmAnd last but not least there is a staggering consumer debt, which has been exacerbated by people attempting to continue living in the style they became accustomed to during the bubble.
http://money.cnn.com/2003/10/02/markets/consumerbubble/index.htm Got Euros and a passport?