The German elections are over. The Christian Democrats have won.
Merkel did a great job in making the Greeks, Spanish, Portuguese and Irish poorer.
The German people rewarded her and her party with the largest number of seats in parliament because she stood her ground and made the Southern tier of the Euro Zone and Ireland pay with austerity.
Now I know that Germany has low unemployment, but my gut feeling is that Gernany is in an employment bubble that's on the verge of blowing up. I don't see how businesses can keep exporting to counties that can't afford their exports, and no I don't believe that there is an export pixie that will help the German economy in the next three years.
The German economy is the economy that the United States should emulate. How do I know? I heard a pundit on the boob tube say so.
My suggestion to all countries out there, there is no country that can be your guide as to handling your economy, as we all do screwy things.
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