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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (872)	1/15/1998 12:13:00 PM
From: geewiz	Read Replies (2) of 9980

Hello Z, "debt is a cash flow statement, deficit is profit and loss statement" that is a helpful approach in differentiating the two. IMHO the reason United States fiscal policy is healthy has much to do with revenues from capital gains; capital gains contributed by inflated equity markets. Excuse my skepticism, but I don't cede the government with any integrity in stating the numbers. As for the shortage of US treasuries; isn't this the result of being a reserve currency? The jury is out on this issue until the Euro is established, so the US treasury has a few quarters to lessen our dependence on foreign buyers. best, art

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