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


To: ild who wrote (31584)4/15/2003 10:44:45 PM
From: Wyätt Gwyön  Respond to of 74559
 
>>>mistakenly assume all the money comes from US imports
I didn't.
The number was for ALL Saudi oil export.


you wrote the following:

"The fact is that we are buying a lot of oil but the majority of our trade deficit does NOT come from oil. US oil imports come to around $80 Bln a year. Our trade deficit is $40 Bln a month."

this indicated your confusion regarding, among other things, where petrodollars come from. and i merely pointed out that this is irrelevant to whatever Saudi assets are here.

Do you understand that the whole US stock market capitalization is somewhat $10-12 Trill?

yawn. do you know there are 36 inches in a yard?

you saying that 10% of ALL US stocks were bought with Saudi's off budget money?


i am impressed by your mathematical skills, and by your ability to recognize the obvious.

i guess you missed the post where i presented a detailed quote from the Atlantic Monthly. i also presented the author's name and a link to his upcoming book. the article is not written by me. it is by the author.

maybe the author is incorrect. maybe you are incorrect. but your assertions do little to convince me you are the correct one.

i provided the source for my original statement. if you don't like it, as i said, take it up with the source. instead you seem to want to make some stupid internet debate even though i have exhaustively answered your questions and assertions, which is really getting boring.

my last post on this issue.



To: ild who wrote (31584)4/16/2003 1:03:42 AM
From: LLCF  Read Replies (1) | Respond to of 74559
 
The trade deficit is 40 bill a month... the dollar is falling EVEN WITH foreigners continued funding... it doesn't take much, simply a refusal to buy more to kill the dollar. Probably what's been happening. ON the bright side, as the dollar falls, any Saudi leverage falls as well :) [As does the international value of the 50 or so Trillion of debt sloshing around the basket case of a country].

DAK