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To: ild who wrote (195660)10/6/2002 4:28:10 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
exactly ...

>>America draws from the world’s saving pool more out of default than merit. But benefiting from the misfortunes others is a precarious way to live and is unsustainable, in our view. Yet that is precisely where the US stands at this juncture in terms of funding its current-account deficit.
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To: ild who wrote (195660)10/7/2002 10:10:39 AM
From: ild  Read Replies (2) | Respond to of 436258
 
Global: Services -- The Next Leg of Deflation
Stephen Roach (New York)

morganstanley.com


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