Friday, May 15, 2009

Germany shrank by 3.8%...

Report on the German economy in the FT and how it shrank by 3.8%.

This is what you get when you first, react slowly to this credit crisis and then, react slowly knowing you have a very entrenched coordinated market economy.

The result is what you are seeing in Germany. Less innovative and less prepared to deal with a crisis and repair their economy rapidly!

Well....this is the lot we choose.
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