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To: craig crawford who wrote (127472)6/29/2001 3:26:12 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Talk about debt!
>Nonetheless, Federal Reserve Chairman Alan Greenspan and other economists have warned that the United States should be concerned about the pace at which the trade deficit has been increasing in recent years.

The concern is that at some point foreigners may not want to increase their holdings of U.S. assets at such a rate and could begin cashing in their U.S. holdings. That could trigger declines in U.S. stock and bond prices and weaken the exchange rate of the dollar.

seattletimes.nwsource.com