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To: the navigator who wrote (27407)12/14/2005 9:35:48 AM
From: Bucky Katt  Respond to of 48461
 
U.S. Trade Deficit Hits All-Time High in October As Oil Shipments Soar

WASHINGTON (AP) -- The U.S. trade deficit unexpectedly rose to an all-time high in October as oil shipments soared and the United States set deficit records with China, Europe, Canada and Mexico.

The Commerce Department reported that the gap between what America sells overseas and what it imports rose by 4.4 percent in October to $68.9 billion, surpassing the old record of $66 billion set in September.

So far this year, the trade deficit is running at an annual rate of $718 billion, far surpassing last year's $617.6 billion imbalance. Critics say the soaring deficit is evidence that President Bush's policy of pursuing free trade deals around the world is not working.



To: the navigator who wrote (27407)12/14/2005 3:06:27 PM
From: Bucky Katt  Respond to of 48461
 
I was wondering that myself. He seems to be preparing for a massive shakeup.



To: the navigator who wrote (27407)12/14/2005 3:11:11 PM
From: Skywatcher  Read Replies (2) | Respond to of 48461
 
WATER!



To: the navigator who wrote (27407)12/14/2005 4:43:14 PM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
After getting the current Fortune mag in the mail today I found an answer to that question that I didn't notice in the web version, so here is what he is doing>

How to Capitalize on Global Shortages
Rainwater is sitting on some $500 million in cash, waiting to jump on what he calls “a slow pitch down the middle” when raw materials run low. Here’s where he may swing.

CURRENCIES
Avoid countries that are short on resources and long on people. Example: Sell the Japanese yen and buy the Canadian dollar.

OIL AND GAS
The scarcer they get, the more valuable they become. Best bet: major oil companies, especially those with significant domestic reserves.

FOOD
Commodities like copper are hot, but Rainwater thinks the big play may be in agricultural products, where prices have yet to climb.