MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (54668)	6/20/2000 8:49:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 99985

US trade deficit was just reported and did not even made a dent in the financial markets. The substantial higher y over y number is a fundamental negative statistic for the US economy and it's financial markets. In a way I find the ignorance of such important date quite amazing. The clowns on CNBS are more concerned to have a funny show with Regis Philbin than even discuss the $30.44 billion trade deficit. The growth of this deficit is quite astonishing and should be alarming at a 62.8% increase year over year.(116.6 billion v.71.6 billion in 4 months) The long term effect is a dilution of the dollar and now it represents over 4.5% of GDP. In other words the reported GDP growth is unable to cover the trade deficit. IMHO the policy and efforts to have a strong dollar will collapse on itself as those trade deficit levels are unsustainable and there is clear interest of this administration to downplay it. All the claims of how great the US economy is performing are proven to be wrong as evidenced by the trade deficit as those wonderful US Products are not so much in demand overseas including the services of various Snake Oil promoters. Beware of the events wen reality will step in. BWDIK Haim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next