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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Riskmgmt who wrote (74200)12/10/2010 12:41:00 PM
From: Haim R. Branisteanu  Respond to of 74559
 
Thanks



To: Riskmgmt who wrote (74200)12/11/2010 8:27:23 AM
From: Haim R. Branisteanu  Respond to of 74559
 
More information about the healthy pace of EU exports are at this site;

trade.ec.europa.eu

Exports to China increased substantially more than the increase of imports from China into the EU, over last year which makes the point that the US has much to learn from the EU and brings up the possibility that the high gains in US productivity are bogus or as they say "man made".

Interesting to note, that the trade deficit with Russia is around 3% due to the huge gas and coal imports into the EU. Russia supplies around 25% of EU energy needs and it is remarkable that this huge amount generates only around 3% in trade deficits.

On the other hand the US is the biggest importer of EU goods (about 18.7%) which re-enforce my assessment of a undervalued EUR v the USD. This is also reflected in the FDI data - assets in the US

Trade in goods
¦EU good exports to the US in 2009: €204.4 billion
¦EU goods imports from the US in 2009: €159.8 billion
Trade in services
¦EU services exports to the US 2009: €119.4 billion
¦EU services imports from the US in 2009: €127.0 billion

trade.ec.europa.eu