Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (22599)	3/11/2005 12:00:33 PM
From: philv	Read Replies (1) of 81050

Fuzzy math is how its done in America today. I just couldn't resist. Get a load of this b.s. "This view is not shared at the Fed. Back in the states Thursday, Alan Greenspan and Ben Bernanke both made an impressive tag team performance - battering worries about the rapidly growing current account deficit. In official, but separate speeches at different locations, the duo blamed the current account deficit on excess savings and low inflation expectations. Bernanke's speech was entitled "The Global Saving Glut and the U.S. Current Account Deficit." The title almost says it all. Other countries are to blame here. The US is just a good place for other countries to invest." The problem is the global saving glut! That's right, the imbalance in global economics is all because of those damn Asians and Europeans, who save too much!! That about says it all. wallstreetexaminer.com Talk about imbalance, here's a nice pictorial view of the US trade deficit which of course is not a concern and all because of excess savings elsewhere, I guess. If those dirty bastards wouldn't save so much, they wouldn't be spending and investing it all in the USA! briefing.com

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