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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: T L Comiskey who wrote (1326)7/3/2002 12:42:30 PM
From: H James Morris  Read Replies (1) | Respond to of 89467
 
LOL! Martha doesn't like oral sex because she's always eating her cooking.



To: T L Comiskey who wrote (1326)7/3/2002 2:00:24 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
prediction lower US$: trade gap intact, fed debt explodes

this is one hairy prediction
but foreign economies will be weakened by their own rising currencies
americans will cut down on purchases of everything as the recession takes hold next year
or else with a tepid econ recovery, and more uncertain job security, americans simply spend less
either way, I expect our trade debt to be surprisingly INTACT

but the real nasty zinger will be exploding federal debt
from layoffs, dead corporations, military spending, transportation security assistance, enlarged govt services, bigger social programs, etc
and probably a whole new round of AID TO STATES

I EXPECT TO SEE AN ANNUAL FEDERAL BUDGET DEFICIT MUCH HIGHER THAN $1 TRILLION
we had one under Bush Sr
already we have a $60B deficit for the month of May alone
we will have another one before 2005
this will lead to a USdollar freefall later next year
Soros might be right about a 30% US$ decline from HERE

a lower dollar is supposed to rectify a current account deficit (trade gap)
when it doesnt, AND the federal debts explode,
WE AMERICANS WILL BE IN DEEP DEEP SHIT
and fight off a possible depression
/ jim