In other news, recession contract is ticking back down:Do you remember Gilda Radnor’s SNL character Emily Litella? She was the older lady who would do news commentary on an item that she invariably misheard. This led her to discuss topics such as free Soviet jewelry, Presidential erections or making Puerto Rico a steak.
Yesterday, Dow Jones reported that Warren Buffett said that if the current account deficits continue, the dollar will be "worthless."
One small problem. He actually said it will be "worth less."
DISCLOSURE: I am short US.RECESSION.08
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