Results 11 to 20 of 27
|
-
- Join Date
- Sep 2008
- Location
- South Florida
- Posts
- 4,775
-
05-29-2012, 11:52 PM
Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
-
- Join Date
- Mar 2010
- Posts
- 3,269
-
05-30-2012, 01:08 AM
I seriously doubt it. Recent polling indicates the Greeks would rather have the devil they know than head off into the totally uncharted territory of New Drachmas with no lifeline out of it.
-
- Join Date
- Sep 2008
- Location
- South Florida
- Posts
- 4,775
05-30-2012, 01:50 AM
I found this general graph. I don't know how accurate it is.
The US Government website has percentages by country, but not specifically Europe..and it has every country from A-Z. There are also other graphs about imports but to specific things like copper, oil, medicine.
We probably do get a substantial amount of imports from Europe if you factor in cars, perfume and designer clothes. Germany's Volkswaggen is gaining market share on Toyota. But compared to the Chinese and Canada, I think Europe's imports pales in comparison. Would be interesting to know if anyone can find concrete data.Last edited by Hawkgirl; 05-30-2012 at 01:57 AM.
-
- Join Date
- Sep 2008
- Location
- South Florida
- Posts
- 4,775
-
Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
-
05-30-2012, 09:30 AM
The smart money will have already started moving. The initial chaos will sink the European markets, but the influx of capital to the US should keep our markets a bit more stable. The indicator will be what the dollar does against the Euro over the next two weeks. If it rises significantly, you'll know that it's become the de-facto reserve currency again. If not, watch the other currency markets. If capital begins to flow into Chinese currency, then we're in real trouble.
Most, but not all. Twenty-two percent is significant, especially when you consider that we also export significant goods and services there:
United Kingdom 5%
Germany 4.3%
Netherlands 2.8%
France 2.5%
Belgium 2.2%
Italy 1.5%
Taken together, that's 23% of our exports. Given that our economy is stagnating, any drop in exports would have a serious impact on our economy. Also, remember what happened the last time that currencies in Europe collapsed. The Greeks just put their neo-Nazi party into their parliament for the first time. France just elected a socialist who makes their previous socialists look like Rondal Reagan. Economic instability in Europe inevitably leads to political instability, as extremists come into power.
At this point, the best long term investment strategy in the US is canned goods and ammunition.--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
-
05-30-2012, 10:52 AM
Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
-
--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
« Previous Thread | Next Thread » |
ROFLMA GIVE me a FRIGGIN BREAD II
Today, 04:27 PM in Breaking News