Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Hawkmoon who wrote (1220)	12/4/2000 10:52:30 PM
From: tradermike_1999	Read Replies (1) of 74559

Mike... did you catch the front page of the WSJ today where they were discussing how the US trade deficit is over-estimated due to the inability(unwillingness?) to properly account for the sale of services overseas? They claim that the US service industry (software, IT services) ran a $80 Billion surplus last year and that this trend is likely to expand rapidly over the next 10 years. Just something else to factor into your analysis when you hear the hula-baloo about the trade deficit. I'll have to look for the article. But even if you take away $80 billion from the budget deficit it is still enormous and the real issue isn't really the budget deficit but the current account deficit. But I'll have to dig up that article and look at it. Thanks.

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