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To: Wyätt Gwyön who wrote (119381)5/28/2002 1:11:50 PM
From: carranza2  Respond to of 152472
 
while you are adding the shoes Nike makes in China to our tally, be sure to subtract the orders of magnitude larger sales of all the foreign auto subsidiaries stationed in the US.

Oh, I hear you. The issue is very complex, especially in the automotive world where Germans own Chrysler while Ford owns a good chunk of Mazda and has Jaguar, Land Rover, and others.

It's possible that the bubble in the equities markets somehow diluted the effect of the trade deficit figures on the dollar. No more bubble, no more dilution, continued trade deficits, ergo weaker dollar. On the other hand, if I look at my portfolio, I conclude that the bubble has been burst for some time now and the lousy trade deficit figures don't yet seem to make much difference.

I don't know. The lack of certainty surely is a good reason to call it the dismal science.