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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17489)	6/10/2001 11:53:42 AM
From: TREND1	Read Replies (2) \| Respond to of 30051

Zeev I agree with you that the market will let us know with in 4 weeks. Will May-June turn out to be DISTRIBUTION or CONSOLIDATION ? Hopefully 2328 or 2078 will tell us. Larry Dudash

To: Zeev Hed who wrote (17489)	6/10/2001 12:52:07 PM
From: fishweed	Read Replies (1) \| Respond to of 30051

Zeev - A question regarding the ballooning US trade deficit which you often mention. A cursory glance at trade between the US and Canada shows a large imbalance in Canada's favor. In just a single industry, forestry for example, Canada exports a lot of lumber into the US market, impacting negatively on the US trade deficit. What is seldom mentioned is that many of these Canadian lumber producers are US owned. Wouldn't profits accrued abroad by US companies benefit the US economy? How is this reflected in the US balance of trade figures? Isn't this tantamount to US companies selling to the US under the guise of being foreign and consequently contributing to the ballooning US trade deficit? I do understand that there may be restrictions on capital leaving the country etc. Even if profits are reinvested, and they often are in Canada, it is still a benefit to the US company and in the end the US economy, no? I am sure this can be applied to many industries and many countries. . . . . . . .or am I missing something? fishweed a canuck