For the First Time Since 1991, Germany's Trade Surplus Vanishes
Export dependent economies are having a rough go of things. Let's take a look at Germany and the Netherlands. But also keep in mind Japan and China.
Germany balance of trade, from Tweet below
Suicide Watch for Deutsche Bank
Germany's Model is Ugly
Germany's Stock Market Cap
Nitrogen Restrictions
Battle of the Bulge
Mandatory Measures to Drastically Reduce Nitrogen Emissions
Please note Dutch Farmers Angry Over Mandatory Measures to Drastically Reduce Nitrogen Emissions
Farmers in the Netherlands have been angered by the government's plans for tougher measures that would drastically reduce emissions of nitrogen oxides.
The Dutch government unveiled its goals on Friday, mandating reductions of up to 70% in many places and as high as 95% in others in a bid to protect nature -- or what the cabinet called an "unavoidable transition".
“We have to emit so much less nitrogen, and unfortunately the agricultural sector emits a lot," explained Christianne van der Wal, Minister for Nature and Nitrogen Policy.
The small, densely populated country of 17.5 million has a large animal population -- nearly four million cattle, 12 million pigs and 100 million chickens.
Population Picture
The Message
Tiny Netherlands is the second-largest agricultural exporter in the world after the US.
But more cows, pigs, and chickens are unacceptable even as the cost of food is soaring globally.
How Long Before Putin Shuts Off Natural Gas Delivery to Europe?
The big question of the day remains: How Long Before Putin Shuts Off Natural Gas Delivery to Europe?
Here are the two key questions of the day Europe needs to address: How long and what's the economic impact?
Some readers commented Putin would not cutoff the gas as it is a source of revenue.
Don't be so sure of that. A cutoff does not have to be permanent. It could be for a week. Also drastically reduced supply could have the desired impact that Putin wants.
A Laughable Explanation of the G7 Oil Price Buyers' Cartel Emerges
It's important to note that a huge decrease in supply as opposed to a total cutoff would cripple the EU while keeping money flowing to Russia. That's more likely than a total shutoff.
These outcomes are all in the hands of Putin. The EU has no control of supply, it is a buyer not a seller of energy.
Yet, the EU thinks of creating a "buyer's cartel".
For discussion, please see A Laughable Explanation of the G7 Oil Price Buyers' Cartel Emerges
Meanwhile, please note the battle between the Greens and the realists is coming to a head.
Second, please note the export chickens are coming home to roost. Germany, Japan, and China are all struggling with exports. This is what happens when the US goes on a buyer's strike.
It's even worse for Germany with its decimated trade ties with Russia and China.
This post originated at MishTalk.Com.
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