Mike,
Very well said!
And now for Everyone:
Here is a not so trivia stock market related global economic quiz, the subject of which is now affecting all of us here.
U.S. Global economic exposure to other countries is directly related to U.S. exports to each country, plus in-country sales in each country.
Last year U.S. total foreign revenue of $1.8 Trillion was made up of $612 Billion from exports, and $1.2 Trillion from in-country sales.
Now the Bonus question is:
Name the top 8 countries which the United States is most exposed. In other words, adding total U.S. exports to in-country sales for each country on earth, which are the top eight. Name them in order. The answer may surpise many of you. It sure did me!
Hint: China, Hong Kong, Brazil, Korea, Taiwan, Malaysia and Singapore are not on the list!
After seeing the answer it is hard to make the case for global deflation!
I will post the answer Sunday, if no one else has gotten it by then.
Steve |
