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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (10639)	3/22/2004 12:33:40 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

Art, we argued in spring/summer of 2002 I maintained that a lower USDollar would not help the trade deficit I believe you argued the opposite side, that US exporters would pick up nicely, and close the trade gap substantially in January data, we saw a hefty decline of 8.9% in exports with export prices rising faster than import prices just about exactly what I forecast I maintained that the US will continue to import with insanity, that US exporters will not have strong customers abroad to sell to, and the US mfg base is almost nonexistent (USGovt counts utilities, refineries, chemical plants, and now fast food as mfg) Euro is now 35% higher, maybe more JYen is now 10% higher, soon to be higher with Dec trade gap of $42.5 billion ... with Jan trade gap of $43.1 billion (a record) ... any comments? / jim