Quote:
Originally posted by KSigkid
I was wondering when someone was going to mention the effect on the trade deficit. It's not as bad of a situation as it's made out to be.
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The interest rate affects different sectors differently. In terms of the deficit it is "brutal" as the Europeans put it for some sectors? For who? Well the ones it is most brutal on is the Europeans and it is the test of the deficit and the dollar trade rate that is considered the first and most important test for the Euro. Will it pass? It should once they buy into it.
-Rudey
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