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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (491021)	11/11/2003 5:49:46 PM
From: jackhach	Read Replies (1) \| Respond to of 769670

Exports are UP for ONE simple reason: The US Dollar is DOWN, way down. It'll continue to fall serving as a barometer of how the world values (or doesn't) the US Treasury's ability to make good on its ever-increasing (record breaking) debt obligations.Exported US products become cheap -- making them relatively more competitive and more affordable to the foreign buyer. The US Dollar weakens when foreigners feel that USA interest rates are headed higher and would prefer to wait and get those potentially higher rates at that/those later date(s) -- wherein accordingly the "current" Treasury Bonds are compromised due to this very same diminished/lack of demand causing rates to rise. NOTE: During Reagan/Bush I the National debt grew at a COMPOUND rate of 13.08%* -- whic was 4.22 times the rate of inflation over that same period. Grew at slightly over 4% during Clinton/Gore with inflation running at/about 3.1%. * refer to US OMB or US Treasury website for varification of such. -JH