"Spehro Pefhany" wrote in message
...
On Wed, 12 Nov 2003 14:20:26 GMT, the renowned "Ed Huntress"
wrote:

Theory, theory. The US currently is running a $460 billion trade deficit.
Part of it is the result of other countries buying our Treasury bonds to
pump up the value of the dollar and to keep their currencies low, to give
them a trade advantage.

It would be pretty easy to stop selling Treasury bonds to foreigners,
wouldn't it? ;-)

Only if you want to run out of money, and watch interest rates hit double
digits.

It's a symbiotic relationship. We help each other to screw ourselves. Asia
screws their current generation of consumers by keeping the price of foreign
products sky-high. We screw our children by running up spectacular deficits
that come due some time in the future.

Ed Huntress