Germany’s Major Trade Partners and Trade Goods 2023

Germany is the largest economy in Europe and is an export-oriented economy. The latest trade partners chart from DeStatis shows some interesting facts. The top 3 export destinations for Germany goods in 2023 were the US, France and the Netherlands. As the Chinese economy contracted last year exports of goods to the country suffered. As …

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US Stocks Are Overvalued Relative To Other Developed Markets

The US equity market as represented by the S&P 500 has shot up by 21% YTD. While double-digit growth is excellent, the market has become overvalued especially when compared to other developed markets. So for a value-oriented investor better opportunities exist elsewhere. The S&P 500’s forward P/E is 21.0. This is much higher than the …

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Notes on Automotive Employment in the European Union

The automotive industry is one of the largest industries in the EU employing about 13 million people both directly and indirectly according to data by ACEA. Out of the 12.9 million jobs, 2.4 million are direct jobs while the rest are indirect employment. To put it another angle, the auto sector accounts for 3.1 million …

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S&P 500 vs. NASDAQ vs. Dow Jones Returns: Chart

Equity markets are performing very well so far this year. After a dramatic selloff in July and early August, markets have recovered and continue to reach record highs. Some of the individual stocks have soared much more than than the S&P 500’s 21.0% YTD. With that said, I wanted to see how the three major …

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