Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (127315)	7/24/2005 4:57:48 PM
From: Ilaine	Respond to of 793684

Oh, trade deficits are the second deficit? Didn't expect that, thought they were talking about US government policies. But now I see that the argument is that they are somehow connected. Boiled down, the argument seems to be that foreign banks will want the US government to pay higher interest rates on bonds, and that's somehow a disaster. Beats me. Makes as little sense as gold bugs.

To: Elsewhere who wrote (127315)	7/24/2005 6:07:58 PM
From: Ilaine	Read Replies (1) \| Respond to of 793684

More re: "twin deficits" -- a speech by Federal Reserve Governor Ben S. Bernanke this past April that was well received. I think Bernanke would be an excellent choice to replace Greenspan when the time comes. federalreserve.gov A response by Robert J. Samuelson: washingtonpost.com Policy paper by the Heritage Foundation: heritage.org This isn't scientific, but I tried googling "trade deficit" and gold, and it appears to me that a very high percentage (maybe a third) of web articles that talk about the trade deficit advise buying gold, that "barbarous metal."