On Jan 27, 2005, at 9:18 AM, Robert J. Chassell wrote:
(This comment has a science fiction aspect: namely the adoption of new technologies. Of course, I do manage mostly to stay away from the overt reasons for this list ... )
On 16 Jan 2005, Erik Reuter wrote
The current account deficit in 2004 will be about 5.7% of GDP, almost all of it due to the trade deficit trade deficit (5.2% of GDP). This is not sustainable.
The question is when does it stop being sustained? Perhaps the precautionary effects of money moving to a relatively safer US will counterbalance the deficit for years to come.
<snip>
Wow, Robert! This is the kind of thing I joined Brin-L to read.
Brilliant.
Dave
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