August 05, 2011
This one is almost too painful to write about. The Post tells us that:
“Even some of the recent bright spots in the global economy are starting to dull. German economic growth, for example, appears to be slowing. Germany exports heavily to the European nations that are experiencing a debt crisis.”
Is there anything in the world that was more predictable? Why on earth didn’t the people making policy at the ECB see this?
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