Thomas L. Friedman: The sliding dollar
Thomas L. Friedman: The sliding dollar:
“Given the number of people who have refinanced their homes with floating-rate mortgages, the falling dollar is a kind of sword of Damocles, getting closer and closer to their heads,” Rothkopf said. “And with any kind of sudden market disruption – caused by anything from a terror attack to signs that a big country has gotten queasy about buying dollars – the bubble could burst in a very unpleasant way.”
yep, the knot will be undone.