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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Nikole Wollerstein who wrote (52775)	5/10/2001 2:57:34 AM
From: Charles Tutt	Read Replies (1) \| Respond to of 77400

Trade deficits are mostly a good thing, IMHO. They make the dollar cheaper (so repatriated earnings are worth more to multinationals) and represent the rest of the world working for paper we print. If they really start to get excessive, they're self correcting -- as the dollar cheapens, foreign goods get expensive and so aren't as attractive relative to domestic, and our goods start to look cheap to the rest of the world, so exports rise. All JMHO. Charles Tutt (TM)