Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (18884)	5/13/2002 11:34:27 AM
From: Ilaine	Read Replies (1) of 74559

Re: US capital flows - by far the largest trading partners with the US for capital flows are offshore banking centers in the Caribbean. Due to bank secrecy, we can only surmise, but my guess is that these accounts are actually owned by US citizens taking advantage of low taxes. treas.gov As for us importing more foreign goods than we export, the US just is not that dependent upon exports. US prices don't need to come down. In fact, they can't. As I have brought up many times, our manufacturers cannot compete with, say, China because Chinese manufacturers do not have the same social costs that burden our manufacturers. You could say the same thing about most countries except Europe and Japan.

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