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To: Skeeter Bug who wrote (123423)	4/10/2001 2:32:01 PM
From: Wayners	Read Replies (1) \| Respond to of 164685

I think it would take a lot more debt and not just negative GDP but massive negative GDP growth to cause the bankruptcy situation you suggest. I'm going to have to do some research on Inodnesia's trade deficit to GDP and maybe some other devaluation examples like Mexico and Turkey to get a better idea of how high the deficit has to be in order to spur a currency devaluation.

To: Skeeter Bug who wrote (123423)	4/10/2001 4:01:02 PM
From: Wayners	Read Replies (2) \| Respond to of 164685

So whats going to crack the dollar? Whats going to be the catalyst for the lack of confidence? a) High Debt Rate to GDP b) Very low or non-existant foreign currency reserves in relation to balance of payments deficit c) both a and b exacerbated by a negative GDP d) defaults by banks on foreign debts e) political instability in the U.S. f) actual inflation and productivity statistics actually start to indicate that the U.S. is less competitive than our competitive foreign industrialized nations.