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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Real Man who wrote (77782)4/16/2008 1:09:52 PM
From: Haim R. Branisteanu  Read Replies (2) of 116555
 
It is not about the UDX rally - it is about the EUR depreciation and also v. the USD

1.RE is in the toilet worst than in the US in 40% of the EU,

2.Trade surplus with the US is at 2003 levels when the exchange rate was 1.1

3.EU trade balance is negative first time in many years

4.EU corporations are loosing money on each sale to the US
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