Monday, 22 May 2017

EZ/ German CA surplus and labour arb

EZ CA surplus rose to 3.4% of GDP in the 12 months to March, EUR364bn cumulatively. Its working out pretty well for Germany which was also at more or less a record high, while having a more or less record weak 'Deutsche mark'. Via a weak Euro Germany has achieved the equivalent of expropriating over 6 million direct jobs from deficit countries and then vendor financing the subsequent deficits while creating secondary jobs in her supply chain. 

The UK politicians who are telling us they should lead the country for the next five years are unable to link trade deficits, to jobs, to productivity/ growth, to investment, to tax collections. Is it any wonder that career politicians/ corporate politician parties are blowing up in one country after another.

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