Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (15739)	2/28/2002 2:32:53 AM
From: Maurice Winn	Read Replies (1) of 74559

<the point of balance of trade statistics> CB, I agree, there is no point. $s go round and round and if somebody holds a bunch for a while [Japanese] they earn interest. To worry about a trade deficit with Japan is ridiculous. A $ goes from Uncle Al, to Japan to Saudi Arabia to China to QUALCOMM [taxed and given back in part to USA tax people] and me! I use it to buy Globalstar. Globalstar gives it to marketing people who invent a stupid marketing plan. They pay taxes on that $ [so more of it goes back to the original source] and put the rest in a parking meter [collected by San Jose city]. There could be a vast trade deficit with Japan and still all the money flows back to the USA and the government in the circle of life. As you say, trade deficits are irrelevant. Mq

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