Stockman Scott's Political Debate Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TigerPaw who wrote (19078)	5/13/2003 9:58:03 AM
From: Jim Willie CB	Read Replies (1) of 89467

March trade gap (shall I say) gapped up considerably this is a major story totally ignored an absolute hemorrhage of capital leaving the USEconomy we are back up to $43.5 billion for a single month no way to sugarcoat this one last spring/summer, I harped that the declining dollar would not rectify the trade gap, not a chance we are seeing this in spades actually, I didnt regard the call as all that difficult two reasons: we have dismantled the industrial mechanism in the currency/economic feedback loop by dispatching our mfg base to Asia and (to some extent) Mexico we have intervened to remove the monetary mechanism in the currency/financial feedback loop by preventing longterm and shorterm interest rates to reflect THE FARKING BANANA REPUBLIC WE HAVE BECOME A record-sized March oil trade gap helped produce the second widest U.S. trade deficit ever that month, government figures showed Tuesday. The March goods and services balance stood at $43.5 billion, 7.6 percent larger than February, the Commerce Department said. The record stands at $44.9 billion from last December. Imports, valued at $126.3 billion, were the second highest on record as well, owed to a record $11.9 billion petroleum deficit. The Iraq war got under way that month, sending prices higher on expectations of production disruptions. The dollar lost some of its gains overnight after data showed the U.S. trade deficit widen in March. The euro was last at $1.1542 after dipping below the $1.15 mark overnight. / jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next