Exports as a Percentage of GDP, Hither and Yon

In an otherwise only semi-interesting WSJ piece about Germany’s struggle in reviving its export-led economy — exports have tumbled, German consumers don’t consume, and Germany hasn’t engineered anything truly new since the 1960s — there is this useful chart. It really drives home how, at least until recently, the U.S. had one of the most precious commodities in the world: Buyers.

Related posts:

1. Percentage of S&P 500 Fin Sector that $700B Buys
2. The Gold Bullion Bubble
3. Personal Computers and Wrongheaded Segmentation
4. Demand As the Most Precious Thing in World
5. BlackStone’s IPO, Information Cascades, and Oversubscribed IPOs