[OPE-L:4648] Re: A hard landing?

From: Rakesh Narpat Bhandari (rakeshb@Stanford.EDU)
Date: Fri Dec 08 2000 - 16:49:32 EST

A hard landing? Perhaps but there continues to be strong evidence 
that the US will continue to enjoy strong capital inflows--not only 
because US securities will be bolstered by instability abroad but 
because services may well lead the US to a trade surplus. See Joel 
Millman, "Outlook", Wall Street Journal, December 4, 2000, AI. The US 
will benefit from the knocking down of trade barriers in 
telecommunications, data processing, energy and financial services.

Yours, Rakesh

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