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

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To: mishedlo who wrote (19893)	10/13/2004 1:32:25 PM
From: russwinter	Read Replies (1) of 110194

So what gets pulled out of their asses tomorrow on the trade deficit? Who knows, but here's food for thought on the oil import bill, see chart shown on page 5: beacon1.rjf.com Looks like about 400 million barrels imported in a month at $50 bbl= $20 billion. Compare that with previous imports of 11 m bpd times= 330 million barrels per month X $30 bbl= aprox. $10 billion. $10 billion a month added to deficit from $50 oil, thank God for Asian vendor financing. They loan us money at low single digit, below inflation rates, so we can buy the expensive oil they need (and drive inflation even higher). One big monsterous briar patch.

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