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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (179456)7/12/2002 2:08:33 PM
From: SouthFloridaGuy  Read Replies (1) of 436258
 
<<US is relative in an acceptable shape......... after all it is all relative>>

You're talking in the present tense, the markets look at the future. Your implicit assumption is it doesn't get worse in the US. After all these are still estimates. 1 year ago they were changing from record surplus to small surplus to slight deficit.

Gov't spending still increasing at 4%/yr. Tax Revenues falling after largest tax bonanza ever (unlike Germany, France, Italy). Sounds like a recipe for disaster to me.
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