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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (58535)	5/4/1999 6:57:00 PM
From: Freedom Fighter	Read Replies (1) of 132070

Mike, Another subject I think about often that I have not really resolved is the U.S. trade/current acount deficits. I am not certain what the cause is. 1. U.S. demand for goods as a result of excessive credit expansion and consumption that is being satisfied by foreign imports. With the dollars flowing overseas then recycled back by purchases of U.S. stocks & bonds by foreign private concerns and central bankers etc... 2. Foreign demand for U.S. dollars (because everyone else is sucking wind economically) which is causing a rising dollar and pricing out our exports and making imports more attractive. 3. Both. With some countries 1. and with others 2. 4. Other It's a chicken and egg situation. You can make an excellent case for both. Wayne

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