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To: PaulM who wrote (3348)11/20/1997 9:50:00 PM
From: PaulM  Respond to of 116815
 
The Reuters article also notes that this year's deficit will be record setting. (Sorry I'm too lazy to post these URL's).

As far as I'm concerned, the trade defecit is a problem only because its a future cloud on the value of the dollar. It leaves lots of dollars in the hands of foreigners who have gotten burned holding dollars in the past and who will sell them the moment a hint of risk presents itself.