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I guess a reasonable critical observation on Eurozone trade number developments would be that the import/export effect of exchange rate changes follows with a lag.

However, the (seasonally adjusted) improvements of January and February upon December would then correspond to a stagnation of the Euro/Dollar exchange rate (which lasted from the last third of November until the last third of February). Meaning, the Eurozone export industry increases its competitivity over time?

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Sat Apr 19th, 2008 at 10:43:36 AM EST
Nice deconstruction.

The figures also give a bit of creedence to the idea that the EU may well be somewhat decoupled from the Anglo meltdown.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Sat Apr 19th, 2008 at 11:04:33 AM EST
[ Parent ]
Changed color of Eurostat quotes, added sentence on Italy.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Apr 19th, 2008 at 11:12:26 AM EST
[ Parent ]
You know DOdo..

It really hurts...

but it hurts, not the fact that we can see this crap day in and day out... but it hurts the fact that diaries like this one can not be published in mainstream media...

It hurts that we can not get this out.... it hurts.. it really hurts...

It so clear once is presented like this...that it hurts.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Sat Apr 19th, 2008 at 01:41:08 PM EST
[ Parent ]
It seems that you are thinking about the J curve.

Rutherfordian ------------------------------ RDRutherford
by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Sat Apr 19th, 2008 at 05:29:28 PM EST
[ Parent ]
Unlikely. There are a number of implicit and explicit assumptions made in the wikipedia entry on the J-curve that are not necessarily valid. Starting with the assumption that the relationship is a function.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Apr 20th, 2008 at 02:35:17 AM EST
[ Parent ]
Hello again, Jake.
I am surprised anyone has such an interest in my posts.

But according to the facts this model does a good job explaining the phenomenon being described. Maybe you can explain your points in more detail before I can understand your points.

Rutherfordian ------------------------------ RDRutherford

by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Sun Apr 20th, 2008 at 03:06:04 AM EST
[ Parent ]
Meh. My bad. I was reading the wiki entry diagonally and accidentally mistook the second headline as belonging to the same definition. And the second headline is indeed somewhat spurious.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Apr 20th, 2008 at 06:42:32 AM EST
[ Parent ]

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