Top » Money: Finance & Taxes

Trade Deficit? who cares?

You should, according to CBS MarketWatch's Paul Erdman. Because if the deficit continues to grow at its current precipitous pace, skittish foreign investors may trigger a unilateral jump in interest rates. Still feeling invulnerable? Well, consider the fact that those same foreign investors hold more than "40% of all marketable U.S. Treasury securities." Erdman's column is a sobering read indeed, but it's time for American financiers to face the music. Get the story here.

Thu, 18 Nov 1999 09:46:19 -0800