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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (67092)	10/30/2003 1:30:14 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Yeah. Right now the trade deficit is about equal to the budget deficit. So, they can buy all the new treasuries on the market if they want to -g- Of course, there are other choices for them, such as agency bonds, corporate bonds, etc. The trouble is... United States has become a mostly service economy. So, when the dollar drops, it won't help the trade deficit? In terms of the manufacturing part of US economy, trade deficit is not 5%, more like 25%. The dollar has to drop a lot to just bring it back to balance, then some more if foreigners want their trillions (what's left of them) back, which is unacceptable.