Not if people expect the NASDAQ to go up 50% this year.  Rational expectations,
you know ...


Jim Devine wrote:

>
> shouldn't the large US current account deficit signal a fall in the US$ and
> a rise in the Euro sometime in the near future?

--

Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901

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