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

To: TobagoJack who wrote (63708)	5/19/2010 3:10:12 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217573

With the current fall of the EUR v the USD, - BO plans for re-election are going to go very sour. The reason - European exporters will eat the Democratic lunch and those aspiring to be elected or reelected will have a hard time to explain why NO NEW workplaces are available. And this us why - the US has about 140 mill employed who generate around $14 trillion in GDP - resulting an average of $100,000 per person employed. Until now al is fine with the averages. Now the problems; Trade deficit with EU inched up 2 billion a month in March or about 24 billion on a yearly basis - exchange rate was hovering around 1.35- 1.37 during that period, down from 1.5 in November last year when the trade deficit was around 4.5 billion on average (Dec. and Jan)compared to Feb March 2010 average 6.2 billion. Now with the EUR down another 10% the Europeans manufacturers are celebrating as their bottom line increases almost doubles, most EU citizen will try to vacation near their homes aa travel overseas is expensive and voila, EU tax receipts grow substantially. A back of the envelope calculation results that around 24 billion in increased trade deficit with the EU which is technological comparable with the US will drain around 20 to 24 million jobs from the US and generate them in the EU Of those 24 additional billion about 5 to 6 billion will go toward increasing the US budget deficit and reduce the same in the EU - enabling them to cover "Greece and Ireland" budgetary gap - and this amounts do not include unemployment payments and cost of food stamps Oh well this is BO administration stupidity who started the currency debacle in the first place, and all the baboons jumped on the bandwagon – well next time the USD will really crash and the austerity needed to get out of the debt trap will ruin far too many people This is indeed a very sad development - and this the the "CHANGE" BO promised - misery to way too many people How nice - the end of the EUR is near as it appeared on the cover of Newsweek <GGG>

To: TobagoJack who wrote (63708)	5/19/2010 4:00:25 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 217573

Some example about the miracles of a lower EUR v USD the A 380 is presumed to cost around $280 million apiece and at an exchange rate of 1.40 Airbus made no money, therefore I assume the manufacturing cost is around EUR 200 million With the EUR at 1.22/1.23 the cost of the A380 should be around $240 to $246 million. Assuming the price in USD stays the same Airbus goes to earn around $40 million a piece of which around $10 million will go to the EU as income taxes What about Boeing? Oh well they will eat BO crow and let highly skilled people go on the unemployment row