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To: Box-By-The-Riviera™ who wrote (58899)	1/17/2001 7:40:18 PM
From: pater tenebrarum	Respond to of 436258

yep...it actually scares me that living with a huge, and fast expanding current account deficit for several years has led to this complacency about it. i know Greenspud IS worrying about it, and plenty. he has every reason to...the Asian crisis has shown what should be self-evident: a capital account surplus (the counter-balance to the current account deficit)can be reversed in the blink of an eye.... a current account deficit takes quite some time to be reversed. and one thing's for sure: it can't keep growing at the current pace. and it WILL become a problem.