[lbo-talk] Stock Markets vs the Real Economy

[Chuck Grimes]

> Put away the gin already.
>
> It's not nothing, but it's not a lot either.
>
> http://www.census.gov/foreign-trade/balance/c5700.html
>
> You can find the same for Japan and other countries with the google.
>
> Of course the stats carry all the pitfalls of methodological nationalism 
> at a time when economists are slowly getting better at understanding 
> intrafirm trade flows.
>
> On second thought, it's still early; have another drink and relax!

Thank you. It's morning, the gin is gone. I think I've figure it out. It's a 
west
coast versus east coast differential. The west coast is highly impacted by 
goods from asia and the rest of the county isn`t with the east coast close 
to little and in the gross averages that the SF Fed and GDP work with the 
regional effect is erased.

Then we can look at the impact of goods from the EU on the east coast which 
must be high while out here EU goods are rare and appear over priced like 
their wine. That is almost entirely the cost of transportation which is 
soaring because of fuel costs.

Because of US demographics these regional trade impacts make it appear that 
Asia means less than Europe. Or something like that.

CG