Germany And France Exit Recession. Unrelated Story Reports Pigs Seen Flying Over Berlin.
Or so we are told. It's time to celebrate! But before we do, let's take one more look.
Some time ago we put up a lengthy post on coming economic crises in Germany and the corresponding dynamics that could develop within the European Union. At that time we highlighted the statistic below. That is foreign orders for investment goods - a proxy for the future of economic development. The savants in the financial community and on Wall Street have declared this crisis over. Mostly because the world's politicians have spent tens of trillions of dollars they don't have. A favorite game of all politicians. Especially those who often speak of fiscal restraint. This is surely a sign of the coming economic golden age if I ever saw one.
What is the outcome to all of this profligacy? Restarting the credit engines to pile on even more debt the world cannot afford. So, how has this translated into demand for sustainable investment? From the August statistics just reported, we see a marked improvement. We have gone from a complete bust in Germany's foreign orders for investment goods to just a complete implosion. Implosion is better than bust any day of the week.
Love the hairdo. The color goes well with your skin tone. The global economy is broken. It isn't coming back. Maybe it's time to finance another few hundred thousand cars in the cash for clunkers program so we can create even more future defaults. Love ya babe! Call me. MWAH! MWAH!
Some time ago we put up a lengthy post on coming economic crises in Germany and the corresponding dynamics that could develop within the European Union. At that time we highlighted the statistic below. That is foreign orders for investment goods - a proxy for the future of economic development. The savants in the financial community and on Wall Street have declared this crisis over. Mostly because the world's politicians have spent tens of trillions of dollars they don't have. A favorite game of all politicians. Especially those who often speak of fiscal restraint. This is surely a sign of the coming economic golden age if I ever saw one.
What is the outcome to all of this profligacy? Restarting the credit engines to pile on even more debt the world cannot afford. So, how has this translated into demand for sustainable investment? From the August statistics just reported, we see a marked improvement. We have gone from a complete bust in Germany's foreign orders for investment goods to just a complete implosion. Implosion is better than bust any day of the week.
Love the hairdo. The color goes well with your skin tone. The global economy is broken. It isn't coming back. Maybe it's time to finance another few hundred thousand cars in the cash for clunkers program so we can create even more future defaults. Love ya babe! Call me. MWAH! MWAH!
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