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 (18920)	5/13/2002 10:41:03 PM
From: marek_wojna	Read Replies (1) of 74559

<<US current account deficit is getting smaller:>> Maybe credits cards are maxed out and unemployment growing. Beside, if we take all these years together the amount is rather non-repayable. To make it payable US must export more high-tech at astronomical prices or force their labour force to be cheaper and better than in China. What the whole world economy is facing I can describe only as CATCH 22, with the fiat currency short lived global experiment leading us to the universal repeat lesson of history.

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