Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: THE ANT who wrote (73650)	5/24/2010 3:16:42 PM
From: Haim R. Branisteanu	of 74559

The only region that will create more jobs than the US in the Western world today, is the EU area due to the steep slide in the EUR/USD Companies are already starting to benefit. Airbus SAS, the world’s biggest aircraft manufacturer, said May 14 its order book is worth 22 billion euros more than at the start of the year because of the weaker currency. “Approximately half of our costs are still in euros, whereas all of our revenues are in dollars,” Toulouse, France- based Airbus Chief Operating Officer John Leahy said in a May 19 interview. Every 10 cents that the euro falls against the dollar, “we can improve the operating result by approximately a billion” euros, he said. bloomberg.com 1 billion EUR can generate 12,000 jobs with an average cost of of $100,000 per job - those jobs are not a minimum wage jobs but skilled workers. Airbus alone will generate over $10 billion in additional income tax revenue. The US IS toast thanks to BO and Geithner - watch trade deficits with the EU and unemployment failing to bounce back

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