Thursday, January 6, 2011

German boom

German factory orders rose five times more than economists forecast in November, driven by demand from outside the euro region....
“Exports are decisive but domestic demand is picking up as well. Germany continues to be the driving force in the euro region.”
http://www.bloomberg.com/news/2011-01-06/german-factory-orders-surged-in-november-on-demand-from-abroad.html
Comment:  Anyone remember Paul Krugman when he denounced Germany as the bad guy for not doing enough "stimulus"? This guy gets it wrong each time he opens his mouth - not different from his former colleague Ben Bernanke: the tragic of bad economics.

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