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To: GraceZ who wrote (222892)2/20/2003 7:07:58 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
Are you saying trade with, and capital flows from, the countries you call the majors are negligible?

that's pure nonsense. problem is that you are looking only at marginal growth for the trade deficit and capital flows and not the absolute values. There's more to it than that. And you discussion does not consider at all what happens when consumers here are sated and pull back --

The view expressed there is one that is totally static. Uninformed, IMO.