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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Real Man who wrote (89878)	9/21/2002 11:13:08 PM
From: Real Man	Read Replies (1) of 116827

September 19 Financial Times: IMF Warns of Risks From Current Account Deficit - Current account deficits such as that in the US appear unsustainable over the medium term and could well be resolved with a difficult adjustment, the International Monetary Fund has warned. The IMF warned that the build-up of deficits reflected the financial excesses of the late 1990s, with expectations of the benefits delivered by the information technology revolution leading to a shift into US and other deficit countries assets. It sketched out a pessimistic scenario where financial markets expectations of higher productivity growth in the US were not fulfilled. Under such a scenario, the downwards adjustment in current account deficits would take over three percentage points off US economic growth in 2003.

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