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To: Hawkmoon who wrote (54862)	6/21/2000 9:14:00 PM
From: goldsnow	Respond to of 116764

What you are really asking is who is more prone to the recession....Fully employed USA with huge and growing trade deficit or Europe....(most of the deflation that we (US) have imported was from Asia not Europe...The answer is clearly at this late stage recession (hard landing) is much more likely to be more severe in US...and European growth is likely to accelerate much faster compared to US if US economy slows down (soft landing) Who can handle it better?....well Brazil naturally..<ggg> (they got lot of practice)