Low dollar...

[tampajerry]

Just a few thoughts. The recovery we have experienced was brought on by a tax cut which incurred more gov. debt and through an increase in spending by the US consumer, also paid for through credit/debt. (Credit cards and home equity loans). Not a healthy recovery especially if and when interest rates rise. Approximately $1.2 trillion of US gov. debt in the form of US notes/bills and bonds were bought by China and Japan in the past gov. auctions. Lets not talk about the US debt that the middle eastern nations hold. If they decided to sell or dump our debt on the open market, the damage would rival any damage a terrorist could inflict on our economy Our interest rates would go through the roof. We are becoming a debtor nation. World markets may force us to get our financial house in order. Not pretty.