It has just gone 6 00 in the morning. The chinese stock market a little less volatile today as a result of some of the government actions. They seem as if they are wanting to take on the speculators in the offshore market. That means the cost of borrowing surged hong kong, that to another record. It seems the intervention by the liquidityaining yuan in the offshore markets. Murderous ins terms of stamping out the speculation. The whole point about this is trying to bring the offshore yuan and the onshore yuan. This is the start of the day, offshore yuan and onshore yuan are coming together. The first time they have been at the same level since october of last year. Lets take a look at your morning market check. Where is the money flowing . It is flowing into the yen. By 2. 8 e yen increased versus the dollar last week. 7. 53. T around 11 today, a little bit stronger for the japanese currency. Manus oil is moving. We are precipitously close to the 30 level. Contract, volumes nearly 50 a
Huge deficits turn to surplus. What would the government do with the money . Almost every year the federal government spends more money than it takes in. Year after year, the tide of red ink rolls on. Federal deficits can we live with them . Well investigate that question with the help of economic analyst richard gill on this edition of economics u a. Im david schoumacher. Most of us have been taught that to spend more money than we earn is to Court Financial disaster but the federal government seems to play by a different set of rules. Almost every year the country runs a deficit. Yet were told that deficit is necessary, even beneficial. But deficits piled one on top of another create a growing National Debt. And the Interest Payments on that debt add more dollars to the next years deficit. During a fiveyearpan back in the 1940s, our National Debt more than quadrupled as we fought world war ii. How did we pay for that war . And why didnt it bankrupt us . Early in the morning of septem
Ars end the price tag will pass 200 billion. How will we pay for world war ii . 1960. As president eisenhower talks of paying off the National Debt the economy stumbles into a recession. How can a Budget Surplus hurt the economy . 1999. Huge deficits turn to surplus. What would the government do with the money . Almost every year the federal government spends more money than it takes in. Year after year, the tide of red ink rolls on. Federal deficits can we live with them . Well investigate that question with the help of economic analyst richard gill on this edition of economics u a. Im david schoumacher. Most of us have been taught that to spend more money than we earn is to Court Financial disaster but the federal government seems to play by a different set of rules. Almost every year the country runs a deficit. Yet were told that deficit is necessary, even beneficial. But deficits piled one on top of another create a growing National Debt. And the Interest Payments on that debt add
What would the government do with the money . Almost every year the federal government spends more money than it takes in. Year after year, the tide of red ink rolls on. Federal deficits can we live with them . Well investigate that question with the help of economic analyst richard gill on this edition of economics u a. Im david schoumacher. Most of us have been taught that to spend more money than we earn is to Court Financial disaster but the federal government seems to play by a different set of rules. Almost every year the country runs a deficit. Yet were told that deficit is necessary, even beneficial. But deficits piled one on top of another create a growing National Debt. And the Interest Payments on that debt add more dollars to the next years deficit. During a fiveyear span back in the 1940s, our National Debt more than quadrupled as we fought world war ii. How did we pay for that war . And why didnt it bankrupt us . Early in the morning of september 1, 1939, german armies ma
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