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Strategies & Market Trends : The coming US dollar crisis
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To: dybdahl who wrote (5311)3/21/2008 3:24:24 AM
From: Real Man  Read Replies (1) of 71475
 
I hope so. The current account deficit should drop, provided
that recession goes global and oil drops. Data suggests it
is dropping against Asians, but not against oil exporters.
Net-net, zero effect so far. It tends
to be sticky, as shifting manufacturing facilities is not
a fast process, and lots of those were exported to Asia after
the Asian crisis due to wage arbitrage.
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