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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (22628)9/17/2007 3:43:19 AM
From: elmatador  Respond to of 220148
 
result from interest cut coming from where you don't expect: renewed growth of U.S. agriculture exports. We need the US as a third world country (the late J.K. Galbraith said that). Exporting agriculture products like there's no tomorrow.

If cheap money fuels agriculure renewal that will be good.

what explains the renewed growth of U.S. exports? In addition to the weakening dollar, a key factor is that demand from emerging markets is having an appreciable impact on both global food demand and U.S. exports.

Emerging markets contributed to the growth of global and U.S. food trade throughout the 1990s, but gains since 2000 have been far greater. Global agricultural trade expanded less than 25 percent during the 1990s but has already grown 50 percent in the first part of this decade, spurred by rising incomes in emerging markets. As a result, the share of U.S. exports destined for emerging markets climbed from 30 percent during the early 1990s to 43 percent in 2006. China and Mexico now account for 25 percent of U.S. exports—nearly triple their share in 1990. Exports to China alone are now nearly equal to exports to the EU. Overall, U.S. exports are up from $50.7 billion in FY 2000 to a projected $78 billion in FY 2007.

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