Third AvenueI strongly recommend reading this article by Professor Roubini in which he discusses the US twin deficits. For an exposition on the likely outcome of the current American economic situation listen to this weekend's interview with Doug Noland, which can be downloaded from the Financial Sense Online website.
The Sharpener
Village Hampden
europhobia
Nouriel Roubini
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Stuart Dickson
You are such a cheery chap David. All gloom and doom - you are a true Scot, in the classic mould. You could out-doom Private Fraser.
Mind you, I hate to say it, but the astoundingly huge US budget deficit, and the dollar's dependence on East Asian goodwill, does give cause for grave concern. Blair and Brown look like astute custodians of the economy, compared to Bush.
Bush gives so much free market/free trade rhetoric, but he is just an old-fashioned protectionist, spend-spend-spend, pork-barrel politician.
16 May 2005, 20:33:13 GMT+01:00
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Chris A
The UK has a negative trade balance, plus a budget deficit.
Is our economy in jeopardy too?!
15 May 2005, 23:17:44 GMT+01:00
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