www.cnbc.com/id/28430243
30 Dec 2008
Vielleicht geht der DAX Richtung Allzeittief!
When American consumers stop buying, companies around the world suffer — even those that do little business in the United States.
Take Hawe Hydraulics, which makes valves and conduits here in southern Germany. Its sales have boomed in recent years, driven largely by demand from China and the rest of Asia. But in the last few months, new orders have virtually dried up, almost overnight.
AP
Only 5 percent of Hawe’s products are sold directly to the United States, but sales dropped suddenly as American companies stopped importing products from China that used its components.
“It used to be that it took years,” said Karl Haeusgen, Hawe’s chief executive, who propelled the company’s global expansion. “But now the global link works very quickly.”
The United States, with its credit-driven economy, has long ensured that others, notably China, Germany and Japan, have been able to pile up trade surpluses. That dynamic has shifted, with Americans paring purchases at a ferocious rate.
“As the American consumer now capitulates, the export ...
Über Silvester und Neujahr kann man auch mal ein wenig grübbeln.
30 Dec 2008
Vielleicht geht der DAX Richtung Allzeittief!
When American consumers stop buying, companies around the world suffer — even those that do little business in the United States.
Take Hawe Hydraulics, which makes valves and conduits here in southern Germany. Its sales have boomed in recent years, driven largely by demand from China and the rest of Asia. But in the last few months, new orders have virtually dried up, almost overnight.
AP
Only 5 percent of Hawe’s products are sold directly to the United States, but sales dropped suddenly as American companies stopped importing products from China that used its components.
“It used to be that it took years,” said Karl Haeusgen, Hawe’s chief executive, who propelled the company’s global expansion. “But now the global link works very quickly.”
The United States, with its credit-driven economy, has long ensured that others, notably China, Germany and Japan, have been able to pile up trade surpluses. That dynamic has shifted, with Americans paring purchases at a ferocious rate.
“As the American consumer now capitulates, the export ...
Über Silvester und Neujahr kann man auch mal ein wenig grübbeln.
