The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: KurtSS who wrote (7386)	8/2/1999 7:04:00 PM
From: E_K_S	Read Replies (1) of 15132

Hi KurtSS - Yes but what about the impact of a weaker dollar to Yen and/or EURO? WE still have a $6 Trillion Debt and it appears that our Congress has no intention of paying down this debt. Greenspan even stated that his preference was to 1st pay down the debt and then 2nd provide any surplus as a tax cut. Remember our trade balance has and continues to be negative too. I believe Brinker's response was that as our GDP grows (over time) the percentage of our national debt become smaller. This assumes that Congress only spends the projected surplus and we never have any more deficit financing. This is just not going to happen. It also assumes that we have a neutral or positive balance of trade BUT our balance of trade continues negative. I am not sure how all this works it's way out but higher interest rates is one possible out come. We can grow our way out of our deficits for only so long then eventually the economic cycle slows down or even turns south and our bad spending habits (and trade deficits) catch up with us. EKS

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