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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (73649)	1/14/2000 4:38:00 PM
From: Mike M2	Read Replies (2) \| Respond to of 132070

BGR, I think I heard that half of vehicle sales are SUVs . I see a lot of gas guzzlers ( cars included) on the road. mike

To: BGR who wrote (73649)	1/14/2000 4:42:00 PM
From: Earlie	Read Replies (2) \| Respond to of 132070

BGR: Come again with that "US trade deficit is largely the result of foreigners finding the U.S. to be an attractive place to invest". This statement makes no sense to me. The key word is "Trade". Are you sure you are not referring to another (equally worrisome) deficit? With respect to SUVs, recent stats show them to be the largest growth arena this year with respect to new vehicle sales in both the U.S. and Canada. The massive trade deficit doesn't seem to be of concern to you, even though historically, much smaller trade imbalances have resulted in shrivelled currencies. What magical device ensures that foreigners do not do what the current global treasury market suggests they actually are already doing, which is to quietly reduce exposure? Rising rates destroy profits. The trade deficit ensures that U.S. rates must continue to rise. No concerns? Best, Earlie