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

To: ild who wrote (22915)	12/6/2004 9:56:11 AM
From: ild	Read Replies (1) \| Respond to of 110194

This Week: December 6, 2004 Why the Current Account Deficit Matters Growing current account deficits are the way that the U.S. finances investment booms. At present, however, the current account deficit has grown so large that a further expansion in U.S. domestic investment is very unlikely, at least not one of much vigor. By John P. Hussman, Ph.D. hussmanfunds.com

To: ild who wrote (22915)	12/6/2004 11:13:41 AM
From: Carlos Blanco	Read Replies (1) \| Respond to of 110194

I still have a lot of SoAf miners. When POG shoots up in ALL currencies they will have the biggest leverage. i agree with 100% with the conclusion, but i'm uncertain about the premise (or at least about its timing). i think that for gold to go up in all currencies either the dollar has to get to a point where it's perceived as putting the whole world's financial stability in danger, and/or other countries have to start behaving as recklessly as the US is doing in terms of spending beyond their means. both of those events are certainly possible (likely?), but it could take a while for psychology to get there. so in the meantime i'd rather stick to places where weak/pegged currencies are a tradition (e.g. latin america) or inevitable (USA).