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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (4580)	1/26/1998 11:38:00 PM
From: John Chalker	Respond to of 10921

Yeah Zeev, I'm not really disagreeing with you and my thoughts on the US locomotive are impossible to prove one way or another. If it comes to that, and I hope that Japan will get it's act together, we will have no other choice so it had better work. As for your comments on the US trade balance, I say a trade deficit is only a box score. The total current account balance is a more comprehensive score, but again, it's such a small part of our total economic size as to be almost insignificant. In our $8 trillion US economy our trade deficit for the last 12 mos was $113 billion and the current acct deficit was $155 billion, or about 1.8% of the total GDP. Please remember that those figures also include money that the US invests in foreign countries by buying real assets like factories and real estate. In theory you could argue that it's a positive sign of a healthy economy. Afterall, Japan runs huge trade and current account surpluses but their economy is a pile of junk. Just keep it in perspective. Chalks