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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: t4texas who wrote (9370)3/14/2002 12:27:38 AM
From: gold$10k  Read Replies (1) | Respond to of 36161
 
t4texas,

Is this the passage that you are referring to?

"Eventually, the current account deficit will have to be restrained. The nation's economic potential will be brighter if that comes about through an increase in domestic saving rather than a reduction in domestic investment."

federalreserve.gov

I can see that a reduction in domestic investment (by foreigners) would bring the dollar down, but how would Greenspan's alternative of an increase in domestic saving also bring the dollar down?

Regards,

vt