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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Crusader who wrote (14400)	6/17/2005 4:15:17 PM
From: seventh_son	Read Replies (1) \| Respond to of 18308

> How complacent can the americans and the markets be? The Dow was actually up firmly today. It really is pathetic! Volker was on record again this week saying that he thinks that the financial system is headed for crisis, but recent statistics suggest home refinancing is picking up again in earnest. This means even more borrowing from foreigners, more spending on imports, and even higher current account deficits are on the way. newsmax.com

To: Crusader who wrote (14400)	6/17/2005 9:14:50 PM
From: Bearcatbob	Read Replies (3) \| Respond to of 18308

Crusader, The trade deficit needs to be looked at in more than one way. Specifically, if the rest of the world is not growing - and we are - do you bet on the non growers? One could say that the trade deficit is a sign of a healthy economy. Now clearly eventually it must change. But it has gone on for a long time. It will be interesting to see how it works out. Frankly, I think the exporting countries should be buying gold as it is now clear that the currencies of the world share the same problems. Euro or yen - terrible demographics - no solution there. I would look for the long waited move in gold - a move against all currencies. Bob