Not just 1984, 1987!

Forex, a foreign exchange reporting site, has this to say about the declining dollar:


"Recall that an orderly decline in the dollar turned ugly was the very backdrop in 1987. Only this time the US is the world's largest debtor nation, not a net creditor, which means the downturn could be worse as it requires $2 billion in foreign financing a day. In the near term US deficits may continue to be funded by Asian central banks, but it may eventually take a sharp rise in bond yields (wanted or not) to stop the dollar's decline."

I was in the stock market, and in real estate, in 1987. What a gross debacle on both counts. You couldn't give away a house or vacant lot, didn't dare put your money in the market or in an S&L. And this decline could spell worse? Ouch.