Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: yard_man who wrote (24738)	11/25/1997 10:05:00 AM
From: Mike M2	Read Replies (1) of 132070

Barry, the fact that the US dollar is the world's reserve currency has enabled us to run a perenial current account deficit that would have destroyed any other currency. The US gov't and the bulls would like to think this can continue indefinitely, it cannot. The carry trade and foreign central bank purchase of US bonds have been major factors in the bull mkt in bonds. How long will foreigners be willing to subsidize our standard of living? The major factor in our lower budget deficit has been capital gains from the stk mkt. Even if the bull continues it will not maintain the rapid rate of appreciation which we have enjoyed. The conventional thinking is that Japan and SE Asia will not sell their bonds;I disagree. The following articles explain,in part, why I have this view. gold-eagle.com (two parts) gold-eagle.com Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next