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Politics : Ask Michael Burke

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To: HB who wrote (24404)	10/31/1997 9:15:00 AM
From: Thomas M.	Read Replies (1) of 132070

My point is that we will be able to continue our wasteful, consuming ways, if not increase them. What will have a more meaningful impact on our economy than this Asian recession is the global bond market refusing to finance our trade deficit. They're more eager than ever to do so. One by one, the bond vigilantes are rooting out countries with big current-account deficits. Yet, they seem to have missed the biggest one of all. Tom

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