German Ifo business-climate index posts sharp rise in July to 106.2

Discussion in 'Economics' started by ASusilovic, Jul 23, 2010.

  1. What are they doing right?
  2. Have you seen the exchange rate recently?
  3. and they actually make stuff to export:cool:
  4. Stuff like Mercedes Benz, BMW, Audi, VW and Porsche´s that the Chinese like very much paid with money uncle Ben has printed. So tracing the $$$ is very easy :

    US=> China=> Germany.
  5. Uncle Ben's money has nothing to do with it... The Chinese had a lot to begin with and their stimulus was a lot larger than anything Uncle Ben could dream of. It's their money that they're finally spending on Porsches etc, instead of squirreling it away for a rainy day. This is the correction of global imbalances in action and long may it continue.