02-03-2007, 11:27 PM
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Registered User
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Join Date: Feb 2003
Location: Maryland
Posts: 541,353
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Quote:
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Originally Posted by osuche
... High current account deficits = currency devaluation = lower purchasing power. Which equals something close to sucking in my book.  |
osuche,
True, but only if that future comes to pass. I will agree that a change in the U.S. consumer savings rate is in order.
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Eudaimonia
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