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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (8985)	3/1/2004 1:00:20 AM
From: ild	Read Replies (1) of 110194

Hussman Basic Accounting and Hard Truth hussmanfunds.com Rather than improving private and government saving in a way that would allow us to run a current account surplus and accumulate foreign securities (i.e. claims on future foreign production), we are running the deepest current account deficit in history. In effect, we are promising future U.S. production not only to our own citizens, but to foreign countries as well. This is one of the most profound economic mistakes that America could make.

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