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US Deficit: $195,100,000,000
June 18, 2005 ( politics )
"This is not the direction markets were hoping to see for the mammoth current account deficit," said economist Allan Seychuk at RBC Capital Markets."The US dollar has lost a great deal of ground because markets are uncomfortable with a deficit that has now reached record levels."
Drew Matus, economist at Lehman Brothers, agreed that the latest deficit increase was cause for concern.
"Overall, the data clearly points towards continued problems related to US appetite for imported goods and suggest that US still has very large financing need in order to pay for consumption," he said.
(BBC)
Investin money abroad has never looked so... necessary...
Posted by griffjon at June 18, 2005 12:21 PM
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