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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (20518)6/16/2003 3:10:43 PM
From: TigerPaw  Read Replies (2) of 89467
 
It is often said that the United States has built a large, productive economy over the years - and that Asia holds the mortgage.
iht.com

But the good times may be ending. For one thing, confidence in the U.S. economy isn't high in Asia. Wall Street economists seem to miss that point when they predict the Federal Reserve's rate cuts and lower taxes will save the day. It will not be that simple if the United States stops getting regular capital injections from Asia.
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Given the fragile state of the U.S. recovery, it would not be surprising to see more Japanese investors opting to keep their money at home. That could take a major leg of support out from under U.S. bonds, not to mention the economy.
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