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Strategies & Market Trends : Moufassa's Lair
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To: KevinThompson who wrote (12855)4/20/2003 2:36:25 AM
From: James C. Mc Gowan  Read Replies (2) of 13660
 
RE: Stratfor on Germany; how about a country with GDP of about 36 Trillion and a fast rising Budget Deficit of 1 Trillion and counting. That's about 2.8% and Germany's ratio is 3.4%.

This country's nominal unemployment rate is 5.8%, but it doesn't count those who are not eligible for unemployment benefits, unlike Germany, where policies keep unemployed on benefit rolls much longer.

Growth in this country is assessed by it's government agencies, but the reported numbers are revised constantly.
It's difficult to tell what the actual rate of growth is.

The country is the United States of America, but there is no discussion from Moody's and Standard+Poors of a sovereign debt downgrade here. Interesting, no?

Meanwhile the Euro has appreciated more than 20% in the past year against the US Dollar. Hmmmmmmmmm.

James
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