Friday, September 24, 2010

German business confidence

-- German business confidence unexpectedly rose to the highest level in more than three years in September, suggesting companies can weather weaker demand from abroad as the global economic recovery slows.--
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Comment: Anyone remember when not long ago Krugman said that German economic policy would push the world into a depression? Nevertheless, Mickey Mouse economists of the Krugmanian kind are great in ignoring facts and rather prefer to keep on howling.

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