To: donald sew who wrote (30573 ) 10/20/1999 2:14:00 AM From: MonsieurGonzo Read Replies (1) | Respond to
Donald:" Little Boxes "Although the exports are improving on container basis, the cargo-mix is not yet improving significantly. The U.S. is just increasing their exports of junk cargos(wastepaper/paper products/cheap chemicals)... Long Beach/LA is really the best indicator of imports from the Far East, since it is the largest port for that specific trade lane. LA is also the main port for minilandbridge movements(sea/rail movements). true but, what's the idea here - we're gonna sit on a hill overlooking the port, count the containers and rail-cars and that tells us what the entire US:World ex/import balance-of-trade dollar volume = current account is going to be ?dollars - is services , Don; and that money's in banks , not boxes . By far the biggest U.S. import - in dollars - is oil , Don; and that cargo isn't centered on L.A., and it ain't in boxes , either.Current Account will tell us whether or not the USD currency is likely to stabilize or otherwise grow/decay versus the Yen and ECU.Cost of Capital , as Japanese and European companies sell TYX to convert USD to Yen and euros, square the earned income on their books back home.Projected Earnings Growth , and in the context of this leadership vacuum has instead been focused on TYX bondz - and so - anything that affects Cost of Capital , which affects the bondz.not only will foreign companies continue to sell US Treasuries , but also foreign investors may start to sell off US Equities .
