This chart shows how bad things are in Europe.
Orange: Eurozone Trade Balance (collapsing)
Blue: EUR-USD (inverted)When a currency weakens, the trade balance improves. Unfortunately, in the case of #Europe, we are witnessing the #Euro falling and a trade balance collapsing. pic.twitter.com/ij9Q825Isu
— Michael Nicoletos (@mnicoletos) September 16, 2022
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