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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (15929)	11/16/2004 11:19:44 AM
From: mishedlo	Read Replies (1) of 116555

Fed´s Moskow: U.S. current account gap unstainable Tuesday, November 16, 2004 4:04:47 PM afxpress.com Fed's Moskow: U.S. current account gap unstainable CHICAGO (AFX) -- A record U.S. current account deficit is an "unsustainable trend" that left unchecked, risks deeper damage to the U.S. economy, Chicago Federal Reserve President Michael Moskow said following a speech. The current account deficit, a broad measure of trade that includes investment flows, has swelled to a record 5 percent of U.S. GDP

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