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To: At_The_Ask who wrote (29350)	1/26/2002 7:54:15 AM
From: Haim R. Branisteanu	Respond to of 209892

For what ever it is worth the US budged deficit has is over 3% higher than projected a year ago. Form a $313 billion surplus to $21 billion deficit. But money surplus rises at a 17.6% pace even that the economy is still contracting. Further the pace of the deficit this year is higher - to date the US government ran a $37 billion deficit versus $2.3 billion last year. Already $35 billion deficit the rest of this year is counted on hopes and dreams. Wonder were the USD appreciation is counted in not to mention a W recession. stls.frb.org All in all those are sign of stagflation. The USD strength is hiding it. Haim