Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
The enduring positive trade balance with the US makes a ton of sense, given that the Euro is low, and the hugely negative balance with Russia also makes a lot of sense, given that they still are buying a lot of oil and gas at hugely inflated prices, while being barred from selling most things to the Russians in return. But what's with the China deficit blowing up? Is it that the shitty Chinese economy and severe lockdowns have prevented them from buying BMWs? I always thought back in 2010 that the Germans were using the Greek debt crisis to tank the Euro surreptitiously, because years of strong exports had caused the Euro to increase to almost $1.50 IIRC in the lead up to the Great Recession.