Monday, February 24, 2014

Neil Wilson — It's the Exporters Stupid

As usual Neil sums it up pithily.

However, in the EZ the exporting countries apparently haven't clued into this obvious fact yet and are killing the geese that lay the gold eggs for their economies by forcing austerity on the periphery and reducing their own exports as the periphery cannot afford them and also seeks to increase its own exports. Yes, Germany, we're talking about you in particular.

It's the Exporters Stupid.
Neil Wilson

1 comment:

googleheim said...

From what I heard all the orange groves in Greece are being usurped by the Northern countries as it is now dirt cheap to take over things in Greece since that was the intent of the forced recession upon the PIIGs right ?