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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (26165)	12/15/2002 9:03:15 PM
From: elmatador	Respond to of 74559

Why the dollar keeps levitating <<Or why the dead can't be buried because it won't fit into the coffin>>> By John Plender Published: December 12 2002 20:06 \| Last Updated: December 14 2002 17:19 The ever-expanding deficit on the current account of the US balance of payments is one of the wonders of the modern economic world. The leakage has been almost continuous for 15 years and it threatens next year to exceed $500bn, or 4.5 per cent of national output. So foreigners will have to stump up $1.4bn a day for the privilege of lending to a country that borrows in its own currency and can thus devalue its own debt. They have already lent a cumulative $2,500bn-worth since 1987. news.ft.com

To: TobagoJack who wrote (26165)	12/15/2002 9:18:02 PM
From: elmatador	Respond to of 74559

Euroland is nose-diving with engines throttled. The so-called engines of Europe -Germany and England- are a drag. I think they need the new ten countries to pull them out of the nosedive.

To: TobagoJack who wrote (26165)	12/15/2002 9:47:26 PM
From: High-Tech East	Read Replies (1) \| Respond to of 74559

... I have been reading only here for about a month based on Steve Lee's recommendation ... time to contribute ... Ken Wilson Message 18339777