Re: US deficits [was Re: Social Security]

2005-01-18 Thread Erik Reuter
* JDG ([EMAIL PROTECTED]) wrote: > >Actually, it is much worse than it sounds ... Increasing exports > >enough to make a significant dent is not really possible -- as the > >US has switched to a service-oriented economy > > I don't want want to really disagree with the basic conc

Re: US deficits [was Re: Social Security]

2005-01-18 Thread Warren Ockrassa
On Jan 18, 2005, at 7:57 PM, JDG wrote: Actually, it is much worse than it sounds ... Increasing exports enough to make a significant dent is not really possible -- as the US has switched to a service-oriented economy I don't want want to really disagree with the basic conclusion of

Re: US deficits [was Re: Social Security]

2005-01-18 Thread JDG
>Actually, it is much worse than it sounds ... Increasing exports >enough to make a significant dent is not really possible -- as the >US has switched to a service-oriented economy I don't want want to really disagree with the basic conclusion of the above quote, but I do want to

Re: US deficits [was Re: Social Security]

2005-01-18 Thread Erik Reuter
* Robert J. Chassell ([EMAIL PROTECTED]) wrote: > Regarding the US trade or current account deficit, Erik Reuter > <[EMAIL PROTECTED]> wrote > > ... Americans aren't saving enough America is borrowing money > from abroad in order to buy foreign goods. The governments of many > of t

Re: US deficits [was Re: Social Security]

2005-01-18 Thread Gary Denton
On Tue, 18 Jan 2005 21:31:13 + (UTC), Robert J. Chassell <[EMAIL PROTECTED]> wrote: > Regarding the US trade or current account deficit, Erik Reuter > <[EMAIL PROTECTED]> wrote > What if (for whatever reason) non-central bank foreigners decide that > the US is not a better place for money than

US deficits [was Re: Social Security]

2005-01-18 Thread Robert J. Chassell
Regarding the US trade or current account deficit, Erik Reuter <[EMAIL PROTECTED]> wrote ... Americans aren't saving enough America is borrowing money from abroad in order to buy foreign goods. The governments of many of the Asia-Pacific countries believe that they can only keep