Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (1126)	12/31/1998 9:56:00 AM
From: Frodo Baxter	Read Replies (2) \| Respond to of 3536

The figures are wrong. I checked the primary data. The idiot reporter used the EU (15 countries) for the % world GDP figure, but only counted heads in the EMU (11 countries). Add back the ~84 million people in Britian, Greece, Sweden, and Denmark and the numbers will fall out correctly, with US per capita GDP being 140% of Europe's. Also, his claim that Euro-countries comprises a fifth of world trade is a true, but altogether misleading statistic. Fully half of that is within Europe itself, and doesn't count when you consolidate the numbers (i.e. you don't count France-Germany trade when talking about Euro trade, just as you don't count California-Nevada trade when talking about US trade)