Re: Bring back the empire

From: Bastinado (bastinado_at_coxandballs.net)
Date: 03/06/05 

Date: Sat, 05 Mar 2005 22:04:30 -0700

Paul Hovnanian P.E. wrote:
> Bastinado wrote:
>
>>Paul Hovnanian P.E. wrote:
>>
>>>Bastinado wrote:
>>>
>>>
>>>>robert j. kolker wrote:
>>>>
>>>>
>>>>>Paul Hovnanian P.E. wrote:
>>>>>
>>>>>
>>>>>
>>>>>>Have you seen the dollar's exchange rate recently?
>>>>>
>>>>>
>>>>>Yes indeed. Tourism has increased quite nicely and we do not import as
>>>>>much as we used to. Our exports are more attractive because of the
>>>>>exchange rate. This is has been a correction a long time in coming, but
>>>>>here it is. A very good thing for the United States.
>>>>
>>>>And don't bring up rising European unemployment due to falling exports.
>>>> The poor chap might top himself.
>>>
>>>
>>>The EU is doing quite a bit better than we are, economically.
>>
>>I doubt that. The euro is doing quite well, and the UK is doing well,
>>but Germany, for example, isn't.
>
>
>
> Hmm. There was an article in the Economist two weeks ago (Feb 19th) on
> exchange rates in the EU area. According to that, Germany is the only G7
> member that is increasing its share of world exports over the past few
> years.

http://news.bbc.co.uk/1/hi/business/4266503.stm

German growth goes into reverse

Germany's economy flagged in the fourth quarter of the year
Germany's economy shrank 0.2% in the last three months of 2004,
upsetting hopes of a sustained recovery.
The figures confounded hopes of a 0.2% expansion in the fourth quarter
in Europe's biggest economy.

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