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To: Perspective who wrote (100484)	5/8/2001 1:32:33 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

the answer is, not yet. BMW and Porsche have recently done very well in the US...only Daimler suffered a slight reduction in US sales, but off near record levels. it's different for US manufacturers...they have borne the brunt of the decline in demand (not much of a decline yet actually). anyway, i agree that the sudden decline in the trade deficit is a sign of faltering consumer demand, especially since energy imports remain very high. accordingly the dollar sold off on the day it was released...it's all bass-ackwards these days. btw, one consensus conclusion i don't share is that a decline in US consumer demand will hurt Euro zone economies more than the US economy...may be true for some South East Asian nations though. a lot of what is held as 'self evident truth' these days is likely to be challenged in coming years imo.