China, Greenspan Rub Salt in Dollar Wound

[DU_ONE]

Greenspan said the budget deficit gives him the shivers.

The US current account deficit widened to a record US$164.7 billion from July through September, the most recent figures available, equivalent to 5.6% of gross domestic product (GDP).

"Our current account deficit and household debt burdens do not strike me as overly worrisome, but that is certainly not the case for our fiscal deficit," Greenspan told the Council on Foreign Relations in New York.

http://www.atimes.com/atimes/Global_Economy/GC12Dj01.html

[xray s]

1. Pompous gasbag

Hack hack hack...coughing up another Greenspan furball.