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Strategies & Market Trends : The Millennium Crash

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To: tekgk who wrote (1733)	12/4/1997 8:41:00 PM
From: Stingray	Read Replies (2) of 5676

Hi tekgk, the national debt figures are indeed interesting. Do you think that a payment to the IMF bailout fund could account for the sudden jump? One thing I find strange is that the US is considered to be a very strong economy while Japan is in trouble, however Japan has a huge balance of trade surplus and the US has an even larger defecit, so why is it that the US is one of the countries loaning out money through the IMF when it is already the worlds largest debtor nation. What would happen is some of those dollars held abroad were liquidated and spent instead of hoarded? It would actually boost the US economy if those dollars were used to buy US made goods and sevices. If the money were instead converted into local currency the effect would be to weaken the dollar. In either case it would be inflationary in the US, and at the same time cause interest rates to rise as treasury holdings were liquidated. I find it hard to swallow the argument that the US is immune from the currency crisis, it's not clear that we will be able to fund the still increasing national debt from overseas any more.

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