The German economic powerhouse suddenly slipped in the 4th quarter ended December 31st. This at a time when Portugal, Ireland, Italy, Greece and Spain will need a massive financial bailout and the U.S. will need German investment..
To learn more, please see "German Economy Heads Downward: Fourth-Quarter Slump Spurs Worry Over Strength of Euro Zone's Engine," The Wall Street Journal http://online.wsj.com/article/SB10001424052970204124204577154041654838990.html
Unfortunately this is as we have anticipated for the global economy. Germany financially is far stronger than the U.S. government which is dependent on immense borrowings to stay afloat. The U.S. and much of the world need German investment but under these circumstances, the German people may need those resources more as their economy contracts. If so, it will shake the global economy to its foundation. But whatever happens, we can help one another through this financial collapse to come, eventually to much better economic times.
Dick
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