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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (2236)	7/18/2001 12:50:42 PM
From: MulhollandDrive	Respond to of 10077

>>The statistics the U.S. keeps on exports are not entirely accurate, and tend to understate the real valuation of the export of services and technology expertise, which due to our high labor costs and lack of manufacturing excellence are the major things the U.S. has that others want. So while it may be that there was a surplus bubble in U.S. demand over the past few years, I don't know if it is reasonable to conclude that the trade "imbalance", if it even exists, will cause a sustained decline.<< Well unless something is different this time, I don't think we can expect foreign spending on services and technology to lift our economy. If the economic "leader" has diminishing demand, it's unlikely the lesser economies will supplant growth. As the old saw says...If the U.S. get's a cold, the world catches pneumonia.