Letters to the Editor
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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.