Reply to: ECB fires up the printing presses again.

[AtW]

No I didn't assume that.

If you are not assuming that then your metric has no relevance.

In any case it's the difference between export and import that is really important.

UK:
Exports: $495.4 billion (2011 est.)
Imports: $654.9 billion (2011 est.)
Balance: -$159.5 billion (NEGATIVE)

Japan:
Exports: $800.8 billion (2011 est.)
Imports: $794.7 billion (2011 est.)
Balance: $6.1 billion
Note - much better balance of payments than UK even though no big profit from exports.

China:
Exports: $1.897 trillion (2011 est.)
Imports: $1.664 trillion (2011 est.)
Balance: $0.233 trilion or $233 billion

Germany:
Exports: $1.543 trillion (2011 est.)
Imports: $1.339 trillion (2011 est.)
Balance: $0.204 trilion or $204 billion

Do you see now that UK is in deed tulip where as other countries ain't. Germany makes decent profit from exports, fair play to them.

[sasguru]

You seem to assume that country's exports are share evenly on per capita basis, this is obviously totally wrong.

No I didn't assume that. I can see you're in one of your "special" moods. Too much coding perhaps.
Come back to the topic when you can think clearly, if at all.

[AtW]

But whatever resources they have must be shared over one-fifth of the world's population.

You seem to assume that country's exports are share evenly on per capita basis, this is obviously totally wrong.

[sasguru]

By totals - Chinese Central Bank might only have $3 per capita reserves but overall it makes them super large with far more firepower than BoE which might have a lot more per capita.

But whatever resources they have must be shared over one-fifth of the world's population.
You really are a complete moron.
Have you found an intelligent MD who knows what they are doing for your company yet, or are you going to muddle along in your bumbling way?

[AtW]

How can you compare countries if not on a per-capita basis, moron?

By totals - Chinese Central Bank might only have $3 per capita reserves but overall it makes them super large with far more firepower than BoE which might have a lot more per capita.

[sasguru]

No, what suprised me is your cretinism thinking that per capita exports is the main factor - especially when you factor in Japanese companies making stuff here and just using UK as gateway to Europe.

Oh Germany exports 3 times more stuff and it ain't hot air financial services!

How can you compare countries if not on a per-capita basis, moron?

And why don't you move to Germany then?
Oh I forgot your not very succesful business is the ultimate hot-air business, used by marketing types.

[AtW]

That surprised you didn't it?

No, what suprised me is your cretinism thinking that per capita exports is the main factor - especially when you factor in Japanese companies making stuff here and just using UK as gateway to Europe.

Oh Germany exports 3 times more stuff and it ain't hot air financial services!

[sasguru]

UK exports: $495.4 billion (2011 est.) / 62,698,362 (population) = 7901 per capita
Japan export: $800.8 billion (2011 est.) / 126,475,664 (population) = 6332 per capita
China exports: $1.897 trillion (2011 est.) / 1,336,718,015 (population) = 1419 per capita

So there you have it - UK is beating up not just Japan but also China in exports!!!

Source: CIA Factbook.

That surprised you didn't it?

Yes the value of exports has increased steadily since the 2nd world war.
Of course the proportion that exports make as a % of the economy has fallen, since whole new industries have arisen since then, not least IT.
But of course we should be competing more with the likes of Germany.

[AtW]

PS The UK exports more per capita than Japan. HTH

UK exports: $495.4 billion (2011 est.) / 62,698,362 (population) = 7901 per capita
Japan export: $800.8 billion (2011 est.) / 126,475,664 (population) = 6332 per capita
China exports: $1.897 trillion (2011 est.) / 1,336,718,015 (population) = 1419 per capita

So there you have it - UK is beating up not just Japan but also China in exports!!!

Source: CIA Factbook.

[sasguru]

Depends how much inflation. Inflation is better than depression. 70s were better than the 30s.
But hyperinflation would be an issue.

[BrilloPad]

I don't think anyone can "get away with it". The piper will have to paid. But I think not printing money would lead to depression.

Certainly not printing money would cause depression soon. But one day there will be inflation. And that will bring about its own issues.

[sasguru]

GBP has got no benefit of being a reserve currency when money are printed, it also got no backup from exports like Japan when Yen got printed.

This means that US, EU and Japan can get away with far more of this tulip than UK.

I don't think anyone can "get away with it". The piper will have to paid. But I think not printing money would lead to depression.

PS The UK exports more per capita than Japan. HTH

[AtW]

If the ECB has expanded its balance sheet by £1 trillion in the last year, I guess you can call that money printing.

GBP has got no benefit of being a reserve currency when money are printed, it also got no backup from exports like Japan when Yen got printed.

This means that US, EU and Japan can get away with far more of this tulip than UK.

[sasguru]

And listen to what this guy has to say:

Felix Zulauf Interview | FINANCIAL SENSE

If the ECB has expanded its balance sheet by £1 trillion in the last year, I guess you can call that money printing.

[sasguru]

That's not money printing.

".

See my link here ...
http://forums.contractoruk.com/gener...-into-sky.html