November 11, 2004

The Statistics That Count

Like Chuck Berry, I'm so glad I'm livin' in the USA.

Change in GDP:

 

2002

2003

2004

Germany

0.2

-0.1

1.1

Euro Area

0.9

0.5

1.6

Japan

-0.3

2.7

3.0

United States

2.2

3.1

4.7

I do not understand the current currency weakness, though Larry Kudlow tries to explain it last night -- but the European currencies are strong because the ECB is too tight with money and the deflationary pressure overvalues their money. Posted by jk at November 11, 2004 04:05 PM
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