Tuesday, August 31, 2010

Steve's barking at Germany's full employment

I just saw on the boob tube a group of talking heads talking about full employment in Germany, stating that the reason for full employment in Germany is (let me try to get this right) they learned their lesson and are prudent not running up a deficit.
Now I'm going plainly state no one can state that as a fact. What is a fact is that producers have to a product that the consumer is want to purchase and the ability to buy. Now I'm going to state, perhaps looking like a fool that Germany's full employment is short lived, if they are counting on exports she will be court up in the world wide recession just like every other country. Of cause I can be wrong if her major export partner is China. 

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