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Realistbear

Eurozone Balance Of Payments In The Red

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http://uk.finance.yahoo.com/news/eurozone-balance-of-payments-back-in-deficit-afp-92e21ea39d99.html?x=0

Eurozone balance of payments back in deficit

Deflation threat looms
*
9:55, Tuesday 22 June 2010
The eurozone's balance of payments fell back into the red in April, posting a deficit of 5.1 billion euros (6.3 billion dollars), the European Central Bank said on Tuesday.
In March, the balance of payments, an overall measure of all current payments into and out of a country or region, posted a surplus of 1.5 billion euros, revised data from the ECB showed.
The figures are often revised sharply higher or lower, and the March figure was initially reported as a surplus of 1.7 billion euros.
On the financial account, the ECB reported net inflows of 18.5 billion euros in April, as more money was ploughed into eurozone assets than was invested abroad by eurozone companies and institutions.
The balance of payments, which includes payments for imports and exports of trade in goods and services, is a
closely watched indicator of an area's ability to pay its way in the world
.

Not much sign of recovery going on in the EZ then?

$ = Euro 1.22979

_______________________________________

* Italics mine. No growth, imploding credit market, rising unemployment and what do you expect? IF they print it will just make the situation worse.

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* Italics mine. No growth, imploding credit market, rising unemployment and what do you expect? IF they print it will just make the situation worse.

But thats all they know how to do....

And print they shall, and keep printing and printing and printing and printing and printing and printing.

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But thats all they know how to do....

And print they shall, and keep printing and printing and printing and printing and printing and printing.

The bond markets will lay them to waste if they take the inflation option and it will break them up far quicker leaving the creditors dangling in the breeze. IMagine 15% IR in the EZ--that is what will happen if the BOnd markets get a whiff of exuberant QE. I believe they will have to impose severe fiscal discipline and deflate or break up. TBH I can't see the EZ surviving the winter.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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