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To: William Harvey who wrote (54696)	6/19/2000 9:08:00 PM
From: pater tenebrarum	Respond to of 116815

William, i actually think that the trade deficit will continue to soar initially, even as the dollar falls. that is what happened in the second half of the '80's, and i think a repeat performance is highly likely. funny enough, no-one seems to worry about the trade/current account deficit, as it is assumed that foreigners will be sending 1,5 billion dollars per day to finance it as a matter of course. i am worried about it, and so is the BIS. this will come home to roost, i have no doubt. regards, hb