Posts by "putko mafani"

"Germany will pretty soon go bust"

Hahaha. Germany has the strongest economy among all OECD dcountries. And you think Germany will go bust and USA will not? LOL You are kidding me.
At least read this if you do not believe me.

Germany's economy Feb 3rd 2011 | from the print edition
Angela in Wunderland
What Germanys got right, and what it hasnt


THE West has rightly marvelled at Chinas economic miracle. Less noticed is a minor miracle in its own midst. It is time to pay attention to Germanys new Wirtschaftswunder.

Germany had a savage recession as manufacturing orders dried up, but its economy has since bounced back strongly, expanding by 3.6% last year, far faster than most other rich economies. For sure, this was partly a bungee effect after a particularly deep downturn, but it is no one-year wonder. By several measures, including keeping unemployment down (it is at its lowest since 1992) and the prosperity reflected in the growth of GDP per head, Germany was the star performer among the rich G7 countries over the past ten years (see article). Germans entered 2011 in their most optimistic mood since 2000, according to Allensbachs polls. Business confidence is at its highest since the Ifo institute began tracking it 20 years ago.

Whats Germanys secret? It helps that the country did not experience a property or credit bubble, and that it has kept its public finances admirably under control. But above all Germanys success has been export-driven: unlike most other big rich economies it has maintained its share of world exports over the past decade, even as China has risen.


This is notadvocates of an active industrial policy please notethanks to a special genius among German policymakers for picking winners, though businesses have benefited from strong state-supported research institutions. Luck has played a part. Germany has a cheaper-labour hinterland right on its doorstep in central Europe that has helped companies raise efficiency and hold down pay. Meanwhile, German firms happen to produce exactly the things that a booming China wants, from luxury cars to the machinery that enables Chinese factories to be the workshops of the world. So Germany has been a big winner on both the supply side and the demand side of globalisation. The euro also provided a bonanza, thanks to (unsustainable) demand in places like Spain and Greece.
http://www.economist.com/node/18070170

@chloe
You cant fight the POMO. Dr Ben is Almighty LOL

chloe, do not worry, Qadaffi could go rampant and bring 2012 end of days earlier.

This crazy colonel is bringing lots of volatility to the markets.

@chloethebull
Silver market is getting close to be cornered. Silver up 2% today and gold barely rising.