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

To: Haim R. Branisteanu who wrote (38516)	9/20/2003 11:57:10 PM
From: philv	Read Replies (3) \| Respond to of 74559

German/US trade deficit. Where do you get your figures from? You say 11 billion/mo. or 130 billion/year. That was a shocking number which I had to check. US Census Bureau........ census.gov Several years worth of data there, $35 billion total 2002. That is a long way from your number, so your theory is wrong because the data is wrong. Other supporting documents: usembassy.state.gov mwhodges.home.att.net Total US trade deficit is about 500 billion/year. That is scary enough, and it is rapidly rising. But not to worry because Greenscam recently said that theoretically the US need not manufacture anything so long as the rest of the world accepted its (overvalued) currency. Germany has a world-wide surplus of 214 billion, surpassing even Japan. No doubt, if the US were to stop suddenly importing, a world wide economic collapse would probably result because of the tit for tat that would ensue.