Replies

To: dennisw

You are still getting it wrong. Only a portion of the EU-15 member countries are running a trade surplus.

145 posted on 11/02/2007 7:40:18 AM PDT by 1rudeboy

To: 1rudeboy

EU-13?

146 posted on 11/02/2007 7:41:41 AM PDT by dennisw (Four and a half acres of sovereign U.S. territory,anytime,anywhere ---- US aircraft carrier)

To: 1rudeboy

Even the EU25 runs a small trade deficit of 16 billion Euros. Compare that to our trade deficit in the 800 billion dollar range

If you run an insane trade deficit your currency gets spanked. Such as today the USD is down and gold mine stocks up so far

153 posted on 11/02/2007 7:46:37 AM PDT by dennisw (Four and a half acres of sovereign U.S. territory,anytime,anywhere ---- US aircraft carrier)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794