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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (45446)11/14/2005 2:28:09 PM
From: ahhaha   of 110194
 
The humorous thing about what AG said is that he didn't "warn on trade deficit", In fact, he said

Any pullback from foreign financiers of the U.S. current account deficit "is likely to be readily absorbed by a far more flexible U.S. economy than existed in Britain immediately following World War II," Greenspan said.

Fact is, there's little or no possibility that foreigners will repatriate. How is it possible to do so? Go into the euro? The euro is headed for extinction unless Europe turns rapidly capitalist, and that is highly unlikely.

On the Asian front you have to ask where the Asians sell most of their product and then you have to ask where else they could sink all those dollars. The 'Bug answer: gold.

Let's see $20 trillion going into 10 billion x $450 = $900,000/ oz...
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