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Technology Stocks : All About Sun Microsystems
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To: MJ who wrote (53540)3/31/2003 5:13:09 PM
From: cheryl williamson  Read Replies (2) of 64865
 
Here is some more from the same article:

"The Achilles heel of
the U.S. economy is its
dependence on foreign
capital...which may be
the only way that Europe can keep American unilateralism
in check," Bryson said.

And if Europeans force the United States to do most of the
heavy lifting in rebuilding post-war Iraq, that could put
further upward pressure on the U.S. federal budget deficit,
already expected to be at a record high in 2003, and further
depress the dollar.

We need to be mindful of the impact budget deficits have on interest rates. Rising interest rates cannot be allowed to happen while the country is contracting/treading water.
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