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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (50411)	5/2/2006 2:30:30 PM
From: Chispas	Read Replies (3) \| Respond to of 116555

Yes, Mish already covered : Message 22406982

To: Think4Yourself who wrote (50411)	5/2/2006 5:33:01 PM
From: booyaka	Respond to of 116555

Roach went bullish? Sort of. He threw in the following caveat: Don’t get me wrong -- I am still very concerned about the mounting pressures of unprecedented global imbalances. America’s massive current account deficit -- hitting an annualized $900 billion in late 2005 -- puts an extraordinary financing burden on the world. Moreover, with the three largest surplus nations -- Japan, Germany, and China -- all hard at work in stimulating internal demand, America is likely to have less surplus foreign saving at its disposal. With the perils of a US current account adjustment mounting, global authorities had seemed asleep at the switch. That is no longer the case.