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Politics : The US Deficit -- Ignore unavailable to you. Want to Upgrade?


To: Tadsamillionaire who wrote (2)10/7/2007 7:03:28 PM
From: Oeconomicus  Read Replies (1) | Respond to of 32
 
Buy high, sell low. Always an effective strategy.



To: Tadsamillionaire who wrote (2)10/7/2007 7:57:15 PM
From: Dr. Voodoo  Respond to of 32
 
He's given explanations for why for the next few years we shall see status quo, however as the global economy continues to ramp up, so will global supply chain of natural resources etc.

The only problem with his logic is the true value of chinese currency WRT POTENTIAL economic output. Which FAR exceeds that of Japan, Taiwan, Koreas combined even in their greatest days in history.

Eventually we will get to an end game, unless we can sustain an economic output that still enables us to consume. Yet what of our children? Who must face an aging population....

Another computer revolution? Hydrogen economy?



To: Tadsamillionaire who wrote (2)10/8/2007 1:45:30 PM
From: Lazarus_Long  Respond to of 32
 
In fact, all three partners are so upset that they’ve been making some very public noises about diversifying away from the greenback, or - and this is a huge deal - even dumping some of the $1.3 trillion worth of dollar-denominated debt instruments they hold.
It's going to happen. And the US$ and the US gov'ts fre-spending ways die with it.