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Politics : Stockman Scott's Political Debate Porch

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To: T L Comiskey who wrote (16830)4/10/2003 10:39:33 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
last spring 2002, I kept hammering home a major US$ point

today's February trade gap of $40.3 billion is horrendous

my point repeated.....
the dollar might decline in value, but the trade gap will not change

we have lost our industrial response mechanism (mfg base in Asia)
we have lost our financial response mechanism (controlled TENs TNote yield)

so we have few products to export with lower pricing
so we have little incentive to foreigners with higher Trez yields

this will end in a climax monetary crisis, with the USDollar at the epicenter
my guess is before 2005

WE ARE WATCHING AN "END GAME"
/ jim
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