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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
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NOTABLE POSTS WITH IMPORTANT UPDATES...

Tuesday, October 09, 2012

"Unbalanced" Trade Balance in France and Britain

Data released today shows that Trade Balance in France and Britain is rather "unbalanced," as France also grapples with an ever-increasing Budget deficit, as shown on the graphs below. Trade Balance for both countries is well below the levels of 2007-08-09.

At some point, European stock markets will recognize and reflect these numbers, in spite of what the ECB's promise (to provide financial aid through the ESM program) is attempting to accomplish. I seriously doubt that such a plan, without an immediate enaction of supportive fiscal, banking and economic reforms, will be sufficient to prop up sagging European growth in the near-term. At some point, economic fundamentals will matter to the markets, lest further layers become built on to an already-shaky "house of cards" foundation.