If you are the owner of either cash or securities, or if you have debt of any kind, or if you work for a living, this issue will effect your life.
I discussed this with a group of people at work today. Us Europeans are mystified by the level of average personal debt that US families carry. It is way more than we could stomach. When I lived in the states I had a friend who bought a $17k boat on his credit card.:eek: CNBC reported the other day that the national debt is = $66k per household. Not much wiggle room for fiscal correction there. It seems that the saviour is continued productivity gains so I for one hope it maintains positive.
How the hell is that article related to deflation? Is the implication that somehow a falling dollar may fuel a deflationary environment? (BS!)
mike, there are americans that are mystified by the current debt levels as well. What I am thinking about mostly is will we simply inflate our way out of it or not?