Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: GraceZ who wrote (222994)	2/20/2003 8:52:54 PM
From: Earlie	Read Replies (2) of 436258

Grace: History suggests that large trade deficits typically are dealt with through a crushed currency. Sure looks to me like that is the route the buck is starting to tread. If the buck does continue to take it in the teeth, I doubt that the foreigners who currently keep the US stock and bond markets from the abyss ($2.0 billion plus a day required) will hang tough in the face of double losses. And if they depart,.... then what? The fact of the matter is that the US cannot finance its current debt levels on its own, never mind the burgeoning new deficits coming your way. The fact of the matter is that current US life styles would be rather dramatically altered if the foreigners take a hike, as the US economy depends on their continued participation. Hard to believe that US leadership has allowed things to come to such a worrisome state of affairs. "Don't worry, be happy" comes to mind. (NG) Best, Earlie

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