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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.74-1.2%Dec 31 4:00 PM EST
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To: Alex who wrote (3336)11/20/1997 4:40:00 PM
From: David R. Schaller  Read Replies (3) of 116836
 
Alex, great read. Do you or anyone know why the constant huge trade deficits are not forcing a devaluation of the dollar? It seems like we are exporting our inflation ($10bil/mo) and importing asian deflation. It seems to me that the only reason it hasn't already caused problems is because the asian countries choose to leave the balance of payment dollars owed them in t-bills. Are there other factors?

Thanks, Dave
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