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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: regli who wrote (47802)3/6/2006 3:24:18 PM
From: mishedlo  Read Replies (1) of 116555
 
Van Eeden
kitco.com
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A fall in the value of the US$ by 30% will likely do nothing for the trade deficit. It would take more than that.

It is far more likely to be cured by a dramatic drop in US spending than any fall in the US$. Nor is China or Japan likely to start selling US treasuries or US$ as he implies. Private foreign investors might but that is not a huge asset class.

Mish
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