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

To: fishweed who wrote (17495)	6/10/2001 3:09:30 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

fishweed, two things. There is a difference between a "trade deficit" and a "ballance of payments" deficit, the former involves goods and services the latter actual money (except investments) flowing back and forth. Thus repatriated profits from foreign companies owned by US entities, are in the latter. As for the US companies that own that lumber, at most they would repatriate their after tax profits less their new investments in those companies, typically, no more than 8% of the sales they have. Zeev