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To: westpacific who wrote (82454)	7/31/2008 2:00:26 PM
From: benwood	Read Replies (1) \| Respond to of 116555

I'll buy that argument. Without the recirculation of the trade deficit, the ballooning fed deficit would not be possible without far higher interest rates. Full stop.

To: westpacific who wrote (82454)	7/31/2008 3:25:45 PM
From: Sunny Jim	Respond to of 116555

Good point West. We're addicted to oil in more ways than one. As with any addict, the outcome ain't easy or pretty.

To: westpacific who wrote (82454)	7/31/2008 3:50:35 PM
From: Jim McMannis	Respond to of 116555

RE:"High Oil prices allow massive recirculation of dollars back to the US" By who and what do they get for the dollars?

To: westpacific who wrote (82454)	7/31/2008 5:01:14 PM
From: roguedolphin	Respond to of 116555

Great post Westy!.....I wrote about this conundrum years ago on IHUB (BEFORE they ramped oil) and how that would help fund our outrageous US deficits.