• German GDP will reach pre-crisis levels in 2011

Well bully for Germany!!

  • Thinks big danger that US fiscal stimulus too much
  • Too much money into economy risks creating new bubbles
  • More liquidity alone won’t resolve problems of euro zone crisis countries
  • Regrets Ireland was not motivated to raise corporate tax rate

Few gems in their to deflate fledgling EUR/USD rally. We’re presently back down slightly at 1.3148.

Guess Germany not too keen on ECB introducing a dollop of euro zone QE then? Who would have thunk it?