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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST

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To: Haim R. Branisteanu who wrote (58422)8/24/2000 5:28:17 PM
From: UnBelievable  Read Replies (2) of 99985
 
No nation on earth has ever owed this much to the rest of the world in absolute terms and been allowed to keep playing.

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Current Account Continues to Fall

The US current account continued to drop even farther into uncharted territory. A major source of the problem continues to be petroleum imports. No nation on earth has ever owed this much to the rest of the world in absolute terms and been allowed to keep playing. Perhaps none of the mice can afford to bell the cat. The Congressional Budget Office has prepared an interesting analysis of the causes of the imbalance.
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