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Politics : View from the Center and Left

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To: TimF who wrote (15901)	4/4/2006 1:03:45 PM
From: Dale Baker	Read Replies (1) of 541812

Is the implication that more saving means buying less foreign goods? The problem there is that US politicians will never preach restraint and lower economic activity - we are the consumer society, cheered on to shop despite terrorist plots to stop us. And the current generation grew up going to the mall. I doubt they will stop unless they can't afford what's there any longer. I don't know what the magic answer to the deficits is. But it's not hard to see the eventual consequences (harder or softer, sooner or later). I have had 3/4 of my portfolio in international stocks the last few years and don't plan to change that. That's my bet.

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