It is a fact that the economy in the U.S. has an important impact on the activities in Europe (and Asia, for that matter). So, European analysts are very well informed about what happens in the U.S. and study it vigorously. Obviously, two areas are the most pertinent: (1) Stocks, and (2) Exchange rate. Both areas are very much intertwined between the U.S. and Europe.
Having said that, it is interesting to read about the reaction of European economists on the current situation of the economy in America. The example below is from „Handelsblatt“, a daily newspaper dealing basically only with financial and business matters. Handelsblatt is very much in the center of the political spectrum and known as the business Daily of reference in Germany. The information quoted below is from today, May 5:
1. The DAX (German stock index). Due to the good new US Data of last week, the DAX went up more than two percent by the end of last week. Today, the DAX had a lighter than normal transaction volume but life got breathed into it again because of additional good US Data (remember the time difference!).
From Handelsblatt: "Some movement [of the DAX] was caused by the surprisingly good economy data in the U.S."
2. The exchange rate. Recently, the Euro went down relative to the Dollar, and the question was whether there would be a gain by the Euro again:
From Handelsblatt: "Good U.S. data limits the gain by the Euro"
Now, the question is: What do European economists see in the U.S. economy which the media in the U.S. doesn’t want you to know? For me, it is clear: The agenda of the U.S. media is Marxist in nature, in support of the Democratic Party candidates. Makes a better argument in the media's fervor to get a Socialist/Liberal elected in November if the US economy is badly failing, right? "Vote for Hillary or Obama...they'll fix the Republican mess" If it's NOT a mess, they have a problem.
hear, hear!! *(and thanks, Mr. Z)
QED (Quod Erat Demonstrandum – “that which was was to be demonstrated”).