Jim Devine wrote:
> Eventually (in 1985-7), the dollar fell (in
> inflation-adjusted terms, using the trade-weighted measure), due to the
> large trade deficits (which had not yet turned into current-account
> deficits) and due to a convergence of US interest rates with those of the
> rest of th
On Fri, 28 Apr 2000, M A Jones wrote:
> Hey, Russia posted a whacking bal of payments surplus last year and has done
> almost every year since 1991. Is it also a no-brainer to buy up some roubles
> right now?
That sounds like a challenge to me. Only trouble is I'm not a Malt Man.
But I'm willing
I 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?<
Mark Jones asks:
>Why?
because the current account deficit is larger than ever before, with US net
indebtedness contributing via the income account. The dolla
