The Germans Are Clear About What They

We Escaped The Last Big Bursting Of A Bubble - The Dotcom Bubble - With A Relatively Light U.s. Recession. On That Occasion, The World Economy Found Its Way Back On Track Fairly Quickly.

One Of The Key Problems Is That The Germans Know What They Do Because Everywhere They Go There's A 'made In Germany' Label On It - They Can Feel Proud Of Volkswagens And Audis And Mercedes.

When A Population Saves A Lot, The Funds Are Invested Outside The Country As Well As Inside. If The Japanese Invest In The United States, It Pushes Their Exchange Rate Down And Makes Their Manufacturing More Competitive.

It's Not A Bad Idea To Occasionally Spend A Little Time Thinking About Things You Take For Granted. Plain Everyday Things.

My Instinct Is To Assume That We Consumers Are An Inconsistent Bunch. We Like Competition If It Delivers Low Prices, But Grumble If It Delivers The Bad News That Prices Need To Go Up.