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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (4302)6/5/2001 10:47:03 AM
From: Ilaine  Read Replies (1) of 74559
 
Maurice, how in the world can you say that the US stops imports? We are the buyer of first resort, the buyer of last resort, and the buyer of everything in the middle. We import more than any country in the world, on a raw basis and on a percentage of GDP basis. The only countries which import as much on a percentage of GDP basis, if I recall correctly, are Australia and NZ - I think you guys might have a worse current account balance on a percentage of GDP basis than we do.
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