It could just keep on going. What will Gordon Brown's government do if there is a run on the pound? What will the Fed do, if there is a run on the dollar. It will not be able to cut interest rates as the stock market is hoping. What will the Federal Government do? Increase the deficit? Virtually impossible. Increase the tax on gas? If only ... but not likely. Can policy makers make any difference at this point? They can't magically change the numbers when it come to reckoning up the account. Or can they?

Borrow, fudge and hedge.