No Ron, Dougie is way beyond that point of men in white & wrap around arm jacket.
And Ron, please please do not do an "oh well,.. no matter.."
Yes we all, including 2 of 5 of my other self's,
agree with your stand to ignore my 3 of 5.
Yes, this is one of my 2 of 5 talking to you,
and yes its not easy as you have experienced
when one of those three does a foolish dance
upon your head.
Let me hurry up and finish this post to you
as all three of those wackos are trying to
knock down the door and gain access to this
ketboard, so please ignore that GATA related
stuff and reply to the following from GoldSnow.
Thanks. Doug4/5
To: Alex
From: goldsnow
Wednesday, September 13
quote.bloomberg.com
Top Financial News
Wed, 13 Sep 2000
U.S. Economy:
Widening Trade Deficit Worries Analysts, Fed
By Noam Neusner and John Cranford
Washington, Sept. 13 (Bloomberg) -- The record-large U.S.
trade deficit is leading economists and Federal Reserve
policy- makers, who once didn't give it a second thought,
to take another look. And they don't like what they see.....
... current account is the best measure of a country's
trade balance, because it includes financial transactions
as well as goods and services. A deficit is like a stack
of IOUs and represents a claim on the country's ability
to pay its obligations. While the widening deficit is partly
a result of foreign investors eager to profit from the
record nine-year U.S. expansion, analysts say its size could
derail growth.
"Fact is, this is the Achilles" heel of the economy.....
... he warned that if foreign investors lose confidence
in the U.S. economy -- or find Europe or Asia more inviting
-- that could clip as much as half of the value off the dollar.....
... reason is consumer demand has outstripped the nation's
ability to produce, and the U.S. has compensated by importing goods.....
Another is that the individual savings rate has fallen
to less than 2 percent over the last two years from more
than 8 percent in the early 1990s. That has meant the U.S.
needs more foreign capital to pay for those imported goods.
... can also represent a danger......
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