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

To: Knighty Tin who wrote (21332)	11/4/2004 3:42:46 PM
From: mishedlo	Respond to of 110194

U.S. current account adjustment to be ´smooth´: Taylor Thursday, November 4, 2004 8:15:50 PM afxpress.com U.S. current account adjustment to be 'smooth': Taylor WASHINGTON (AFX) -- The U.S. and its trading partners are taking appropriate and necessary steps to reduce the U.S. current account by increasing U.S. savings and global economic growth, said U.S. Treasury Undersecretary John Taylor in a speech Thursday. "The beneficial impact of these positive measures may take time to materialize, but there is no reason to expect that financing and adjusting will not be adequate and smooth," he said. Taylor welcomed moves by the Chinese central bank to raise interest rates, calling them "significant steps in support of China's move to a flexible and market based exchange rate." ========================================================================= Smooth - yeah right. Hmmm why is Snow not making this announcement? Mish