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To: Roads End who wrote (69024)	2/18/2001 10:33:29 AM
From: flatsville	Read Replies (1) \| Respond to of 436258

Thnx. I see it now. I guess he just figured this out? usnews.com In a way, the finances of the entire country are on the line as well, as red ink continues to flow in the nation's trade accounts. At $439 billion last year, the current-account deficit –the difference between what America earned from abroad and what it paid producers and creditors overseas–amounts to about 4.5 percent of gross domestic product. That's higher than its previous peak in the mid-1980s. The nation can carry that debt only if foreigners continue to invest their trade-earned profits back in U.S. markets. Overseas investors now own more than a third of the U.S. Treasury market, 20 percent of U.S. corporate debt, and 9 percent of our stocks. A loss of confidence in U.S. prospects, or a drop in the dollar, could lead to twin disasters in the financial markets and the economy. "That," says economist Zandi, "is now the biggest risk."