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Politics : Idea Of The Day
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To: Lee who wrote (18661)6/22/1998 4:29:00 AM
From: IQBAL LATIF  Read Replies (3) of 50167
 
Lee--I am concerned with this new configuration of increasing current account deficit on one hand, yawning trade gap that is falling exports and stagnant imports (this will hinder import of price stability) and the expected budgetary surplus of 50 billion $'s expected by this fiscal year end. For me this is not a good combination, we know aboput evils of twin deficits but I smell in this alignment signs of trouble for me the market needs to take out 8910 this week otherwise I will expect 8476 as the target we can visit. Can you shed some light on this please.
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