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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Box-By-The-Riviera™ who wrote (93557)	4/15/2008 12:36:46 AM
From: critical_mass	Read Replies (1) of 110194

The Germans have usually not met the conditions of the Stability and Growth Pact to keep the budget deficit under 3% of GDP. destatis.de A google shows that in 2006-2007, the budget met the conditions of SGP, but if exports slow down, the rosy predictions of a balanced budget by 2010 will probably never materialize. M3 growth has been in the double digits in the Eurozone too. bloomberg.com In your opinion, is the ECB to be trusted any more than the Fed?

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