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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: maceng2 who wrote (171961)6/11/2002 8:57:38 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
The question is how much must the EUR go up before EZ enters into it's own trade deficit.

Around 0.87 EZ had a small trade surplus. Germany, Portugal and Spain have close to 3% of GDP budget deficit, on the other hand I think that the US has only 1.5%.

Not sure about Italy were they stand on budget deficit, as they also are in the red.

As an example last year about the same time the big WS experts predicted that the EUR will go as low as 0.7 to the USD. It hit 0.835 on July 6th. Now the same WS experts anticipate parity on the EUR.

Further only 3 months ago WS predicted 145 Yen to the USD and 1.18 EUR per USD.

Now the 1 USD buys 125 Yen and 1.053 EUR buys 1 USD

So what is what ?
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