Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (26252)	2/1/2002 3:56:20 PM
From: ild	Read Replies (1) of 99280

Zeev, Steve Roach believes we may have $60 Bln current account deficit in 2H 2003 . morganstanley.com That’s what sets the stage for what could well be a US balance-of-payments crisis by 2003. Under the presumption that the consensus prognosis comes to pass -- a short and mild US-led global recession now morphing into a subpar recovery -- America’s current-account deficit could well be on an explosive path. By the second half of 2003, it could hit 6.2% of GDP -- in excess of a $660 billion annual rate and, therefore, requiring close to $2 billion of capital inflows each day of the year to finance it. Global: The Nuts and Bolts of the US Current-Account Deficit morganstanley.com

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