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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (27822)4/30/1998 12:46:00 PM
From: Mike M2  Read Replies (1) of 132070
 
Mike, well said you r RAZOR SHARP . A few more points US is the world's largest debtor and is very dependant on foreigners for our low savings rate (record low ho ho ho) Japan is the largest creditor and perhaps has the largest portfolio of questionable and non performing loans. excess money growth, record trade deficits, a weakening economy all spell tough love fer de buck (US $) Eventually, foreigners will get tired of financing our consumption binge. Mike
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