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To: Ken98 who wrote (13506)8/24/2000 11:37:30 AM
From: Perspective  Respond to of 436258
 
I fully expect the European contingent to be prime instigator. With Labor's stronger influence there, commodity price increases are rapidly flowing through to wage increases and general inflation. I didn't want to complicate my story with too many parties. It can be examined in its simplest form, with just two hypothetical trading partners.

Much of that current account deficit is BMWs for my co-workers...

BC