Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (19010)	5/17/2002 8:39:14 AM
From: Ilaine	Read Replies (1) of 74559

Re: current account deficit. So many things get lumped into the current account. If the US government gives aid to Third World countries, that increases the current account deficit. If Kiwis, Germans, Chinese, Australians, Canadians, Brazilians (have I left anyone out?) buy Qualcomm stock, that increases the current account deficit. In other words, it's not just consumption being paid for by debt. stls.frb.org bea.doc.gov Stats: fedstats.gov My opinion: sigh of relief and right away "just a sec, Inflation, we'll be right with you". You seem to be a very pessimistic person. Life is full of bad things, but it's fuller of good things.

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