Sunday, August 29, 2010

Tale of three countries = Germany, Japan and U.S.

[mEDITate-OR:
not remember the effects of currency changes...
as opposed to China pegging its Yuan to U.S.

What we are seeing is a major recovery in Germany, following the collapse of the EURO and the crisis in the Pigs, starting with Greece.
When the EURO dropped, exports of BMW's and Mercedes to U.S., and China, became a lot less expensive. That appears to be over.
Compare that to U.S. - where everything is in the doldrums.

Japan is, very slowly, recovering - as its exports show.
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