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

To: SouthFloridaGuy who wrote (78900)5/8/2008 10:37:27 PM
From: koan  Read Replies (1) | Respond to of 116555
 
LIG: "
The dollar needs to continue to adjust until the current account deficit goes to positive. If you notice all the problems with deleveraging and volatility began when the current account deficit began to revert from -7%. We're still at -5% so we're 2/7 of the way through <g>.

koan: "the things I wonder is:

1) how will we ever get to a positive trade credit importing so much oil, and

2) how do we get away from borrowing so much money overseas?


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