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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (47463)	4/20/2000 4:50:00 PM
From: KyrosL	Respond to of 99985

<I see us playing a role similar to the Roman Empire exacting tribute from de facto colonies. For that is what our monstrous trade deficits really are.> Ahem ... I think you got things a bit reversed here. Seems that the world loves our trade deficits, and loves the interest we pay on our debts (much higher than Euro or Yen obligations). Without our trade deficits the 1998 Asia crisis would probably have turned into a full-fledged depression. Even today China is tottering at the edge of a deflationary abyss, into which it will surely fall if it were not for the huge trade deficit we are running with it. The same can be said of Japan and the rest of Asia.