Quote:
Originally Posted by MoneyGuy
If you're crazy then so am I. There will be no world financial collapse. It will take time but the mammoth U.S. economy will emerge from this and the sun will rise again in the morning.
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Exactly. I think it will be several years before the economy turns around, but I don't believe that this massive financial collapse is immanent. Most people simply see the escalating US debt and come to these wild conclusions without really have any knowledge of global economics. As long as people continue to have faith in the American dollar, the US will be fine. The reason that people won't lose faith in the dollar is because they really have no where else to turn.