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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22206)	12/18/2004 8:30:57 AM
From: sea_urchin	Respond to of 81504

> Hardly Any Predictions Came True ... Economists weren't much better business.bostonherald.com >>Experts grim on economy: Descriptions of long-term trap becoming increasingly accepted Local economists are getting gloomier about bulging U.S. trade and budget deficits that they say affect the long-term value of everything from homes to cars to retirement funds. Nariman Behravesh, chief economist at Lexington's Global Insight, an economic forecasting firm, said the United States would like the Chinese yuan to rise in value, making American products cheaper and more attractive in China. He said the U.S. financial situation reminds him of the late 1980s, just before a recession. He said he's not predicting a recession right now. ``But I do think (the trade deficit) is something we have to start dealing with.''<< Now there's a smart guy for you --- American products cheaper than Chinese! One wonders what kind of USD devaluation he has in mind?