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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Joan Osland Graffius who wrote (161024)4/19/2002 5:59:19 PM
From: Mike M2  Read Replies (2) of 436258
 
Joan, even AL. CON and Bob Rubin say that America's current account deficit is unsustainable. At some point the baby brats will need to save more consume less, the trade deficit must contract at some point. What other nation(s) are willing or able to be the engine of growth? At some point there may be a global contraction while the US private sector restores their balance sheets. mike
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