Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (50745)	6/6/2004 3:50:21 PM
From: energyplay	Read Replies (1) of 74559

Hi Malcolm - 5) the US Balance of payments numbers are less real than the household survey employment numbers. What are being recorded as foreign sources of funds and exporters to the US have an extensive number of US controlled 'dummy' corps, hidden subsidiaries, tax dodges, etc. Rigged transfer pricing on sub assemblies, componeents, "special grades" of raw material, etc. allows piosting of profits in lower tax areas A lower USD will mean the US will to close to balanced trade (maybe 1-2% real defict ) in about another year, or less.

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