No one wants to hear the bad news. Everyone puts their head in the sands and waits for the stampede to pass. This time it won't be like that. The process of adjustment for America will be slow and arduous as it has been for countries in the Far East. We once called these countries the economic tigers of Asia. Suddenly, they became devalued and we saw goods appearing on our shelves some 25 to 50 percent lower in cost than before. America went crazy with imports and the goods from Asia flowed in like a dam burst of the ice age. Now, its America's turn. Few would recall that the Asian crisis was a result of firms in Asia locking on to the dollar and borrowing until the cows came home.What they did not expect then was a sudden uplift in the US dollar that would raise the cost of their borrowing repayment stream. Does anyone think that the low interest charges of the present approach to the credit crisis in America will not lead to further misery down the road. Oh please think again because you have not thought it through. Ask yourself what will happen when the interest rates go up and what will happen when the US dollar appreciates. Then act wisely and cautiously in this mad world of floating exchange rates. Act so that you will not be burned yet again by a failed strategy.