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


To: Neocon who wrote (527869)1/22/2004 2:00:12 PM
From: Skywatcher  Read Replies (3) | Respond to of 769667
 
not to worry...Bush's jobLOSS recovery continues with KODAK LAYING OF 15 THOUSAND workers!!!!
and they ain't NO WALMART POSITIONS EITHER....real jobs....more of the same lies about the economy from Bush....
CC



To: Neocon who wrote (527869)1/22/2004 9:44:57 PM
From: AK2004  Read Replies (2) | Respond to of 769667
 
re: You do realize that dollar denominated assets are often held in US banks

yes, but unless I am missing something that has very little connection to trade deficit.

re: Thus, a lot of the "deficit dollars" are actually backing loans through our banks.

If you mean foreign investments in US economy then
a) it is not directly connected to trade deficit
b) it is not a zero sum gain for US
c) together with benefits it introduces major risks

re: I could be wrong, but I imagine it is unusual for dollars to be out of play for very long

we are coming back to foreign money again? See points above