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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (41943)	3/19/2002 5:28:33 PM
From: Steve Lee	Read Replies (1) \| Respond to of 99280

"the increase in current account deficit is a clear sign that the economy, short term, has bottomed" Sure, it is a sign of consumer activity as it was due to increased imports. But imports don't count towards GDP which is what the masses watch. It is worrying that when the consumer decided to increase spending, the increase went abroad. Are US manufacturers finding it difficult to compete with high costs of labor, high costs of land and building and a high level of the dollar?