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Monday, November 19, 2007 12:00 AM

The bright side of consumer paralysis

American manufacturing jobs won't get hit if Americans stop pulling out their credit cards, because those jobs are already gone
Andrew Leonard

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  • Monday, November 19, 2007 10:43 AM

    Our model predicts troops in the street

    A friend and I once wrote an op-ed in the NYT concerning outsourcing. In October 2006 we were aware of the housing crunch, but our predictions were dismissed. We were told, "the demand curve shifted, that's all." Of course it's easy now to say, "we told you so."

    We've updated our models since then. We expect a catastrophic decline of the dollar between 2008 and 2009. More alarmingly, our model predicts troops in the street.

    —Xlp Thlplylp Read Xlp Thlplylp's other letters

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