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To: Tommaso who wrote (8663)11/20/1997 10:51:00 AM
From: Jack Clarke  Read Replies (1) | Respond to of 18056
 
Tommaso:

RE: "I don't understand how the US can run these trade deficits year in and year out without
penalty either. Unless the dollar is so solidly established as a store of value and a
medium of ecxchange that we can simply serve as banker to the world and supply its
currency."

It's nice to know someone else is bewildered.

Thanks,

Jack



To: Tommaso who wrote (8663)11/20/1997 11:00:00 AM
From: Simon  Respond to of 18056
 
<< how the US can run these trade deficits >> Nobody cares as long as they make money selling to us, and as long as the dollar, and our economy is perceived as strong enough to handle it. If that perception bursts, it might become a case of COD.


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