Clown-Free Zone... sorry, no clowns allowed 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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (58647)	1/17/2001 1:15:41 PM
From: Box-By-The-Riviera™	Read Replies (2) of 436258

Treas Sec To Be O'Neill says Trade Deficit No Big Deal I now pronounce you No Big Deal O'Neill WASHINGTON, Jan 17 (Reuters) - Treasury Secretary-designate Paul O'Neill said on Wednesday he was not alarmed by the size of the U.S. trade deficit, saying that efforts to curb it could result in slower economic growth. In testimony before the Senate Finance Committee, O'Neill cited recent studies that showed an effort to curb the U.S. current account deficit, the broadest measure of trade that also includes capital flows, would result is slower U.S. economic growth not more. "Why would we deliberately reduce our real growth rate in the United States out of some slavish interpretation of the current account deficit as a bad thing," O'Neill told the panel. "I don't think that's an intelligent policy." O'Neill added that the United States need not fear free trade. "In an ideal world the United States has no trade tariff barriers and no one in the world has no trade or tariff barriers," O'Neill said. "We should not fear absolute free trade... . In the right kind of world, in the world that we should dream of we should be thinking free trade, absolute free trade."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next