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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (64604)	6/26/2006 4:57:04 PM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 110194

re: an excellent example of why he's (Roach is) such a good read ---------- either that, or the great equivocator is hedging his earlier remarks, which may begin to appear foolish... personally, I'm amazed (and lulled to sleep) by a commentator who is paid regularly for submitting subtle variations on nearly identical prose...

To: Perspective who wrote (64604)	6/26/2006 8:58:52 PM
From: Larry S.	Read Replies (2) \| Respond to of 110194

bobcor, I just lurk on this thread and learn. I obviously have a lot more to lean as I can't understand Roach's comment: "Lacking in domestic saving, the US then imports record surplus saving from abroad -- which, of course, requires it to run massive current account and trade deficits in order to attract the foreign capital." When Laffer says the deficit is good and shows the strength of our economy and claims that they must sell goods cheap to us to get dollars to invest, I just consider the source. But Roach is a different story. Why do we have a need to run a current accounts deficit to attack investment? Larry