The Dow is another one of those over-rated economic indicators

Current Events » in reply to The Trade Deficit is an over-rated economic indicator.

E.P. Grondine — 7/22/2002 5:42:32 PM (archived)

Hi Scott -

Take total US oil purchases per day from Moslem nations - I don't have any idea what the absolute number is, and wish I did, but it is huge - then add that to the existing US trade deficit -

Take total Moslem asset holdings in the US - I don't know what they are, and here again I wish I did - and dump them on the market -

Add in a the long term effect of reduction in consumer confidence due to their inability to understand why the daily prices are so low -

ep

The whole thread (3 posts)

The Moslem economic boycott: trade deficit doubles in May (n/t) - E.P. Grondine - 7/21/2002 4:24:40 PM
- The Trade Deficit is an over-rated economic indicator. - Scott - 7/22/2002 2:14:58 PM
  - The Dow is another one of those over-rated economic indicators - E.P. Grondine - 7/22/2002 5:42:32 PM

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