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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (8620)	7/2/2004 12:10:31 PM
From: Knighty Tin	Respond to of 116555

mish, Roach is good, as always. But Stephen Jen's "Global Imbalances are Good" qualifies as my propaganda hoot of the week. What a joick he is.

To: mishedlo who wrote (8620)	7/2/2004 1:28:10 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

>>>Job situation looks bleak to me - Mish <<< and this is why you can not blame everything in the economy on this administration. The only way to save us is lower USD to attract more jobs back home. $1 billion in trade deficit equals to about 10,000 jobs with a multiplier effect of 2.5 to 3 it is 25,000 jobs. as about 30% to 35% goes in local and federal taxes, $1 billion less in trade deficit will lower the budget deficit by about $350 million. In a nutshell $100 billion less in trade deficit will generate about 1 million jobs and lower the budget deficit accordingly. Balanced trade will wipe out also the budget deficit.