« Ben's ‘Pause' comment is spun, Thurs., Apr. 27, 2006, 10:12 AM | Main | Why is the U.S. public unhappy?, Thurs., Apr. 27, 2006, 2:54 PM »

April 27, 2006

Ben says U.S. current account deficit is world's problem, Thurs., Apr. 27, 2006, 10:33 AM

Oh how the mighty have fallen. The Governor of the central bank of the world's strongest economic power has just now told Congress that some fiscal help might be in order, but really why worry mon, the current account deficit is now so huge it happens to be the world's problem.

What? Do I look worried?

Let's get something straight. The only traders who are worried here are:
1. Those who can't go short
2. Those who didn't and won't buy gold
3. Those who believe the Administration
4. Dino Kos.

But at least Dino's pulling down a big buck (not McKinnell-type money but not bad) for his twin gig for Bank of New York and Federal Reserve Bank.

Posted by Posted by Bill Cara on April 27, 2006 10:34:28 AM | Category: Cara Today in the Market

Discourse

bill-

are you currently short the us market?

Posted by: dfinvest [TypeKey Profile Page] at April 27, 2006 10:39 AM [link]

Bill,
Reminds me of the old adage that when you borrow $100,000 from the banks and they are your lenders of convenience..... borrow $1,000,000 and they become your partner. The lending nations of the world have allowed themselves to become America's Coalition Partners, financially speaking.

Posted by: TerryC [TypeKey Profile Page] at April 27, 2006 12:13 PM [link]