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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (255554)8/13/2003 6:51:18 PM
From: Giordano Bruno  Read Replies (2) of 436258
 
America's selective strong dollar policy

With its current account deficit approaching US$600 billion this year and the federal deficit running at $450 billion, the United States needs to attract about a net $5 billion of funding every working day, much of it from overseas. That is 5 percent of US gross domestic product (GDP) in nominal value. Assuming money velocity at a conservative multiple of five, foreign fund inflow supports 25 percent of the US economy.

atimes.com

*Originally posted by Les Horowitz
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