[ARCADIA]

a Chinese central bank official, had confirmed one of the biggest fear in the currency market: that China would slow its purchases of U.S. Treasury securities

What a dope! (he is undermining his own holdings)

....and, yes we are in trouble.

[Chgogal]

Hmmmm....all of a sudden people are so worried about the trade deficit. That may be reasonable. But if the US stops buying foreign products, the world WILL go into a recession. Europeans, because of their tax system cannot be big buyers. The Chinese and Indians are not in the position to be the worlds' buying engine, yet. Well then, who can do what we do?

If the currency gurus who worry about the Current Account want the dollar to fall, so be it. But presently, there is no other country that can do what we do. PERIOD.