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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (22262)1/13/2005 7:59:51 AM
From: sea_urchin  Read Replies (2) of 80904
 
> More debt. More lies. (2) .....

nytimes.com

>>The United States trade deficit soared to a monthly record of $60.3 billion in November, the Commerce Department reported on Wednesday. The figure confounded predictions that the deficit would diminish with the weakening of the dollar and an easing in the price of oil.

Instead, the trade gap has created increased pressure for the dollar to drop even further.

The Bush administration took a different view, maintaining that the deficit showed the strength of the United States economy, not its weakness, as many economists contended.

Treasury Secretary John W. Snow said in a telephone interview that the deficit was a sign that the economy "is growing faster than those of our trading partners in the euro zone and in Japan."

"The economy is growing, expanding, creating jobs and disposable income," Mr. Snow said, "and that shows up in the demand for imports." <<

Which goes to show that the more you spend and the less you save, the richer you are.
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