A grand coalition is not the decision on direction that this country needs. It's a sign of doing nothing. |
Americans live in a wonderful world, with 3.75 percent growth and nearly full employment. They can afford to worry about fuel prices. We have other problems. |
Expensive oil is the price for letting China grow, which is beneficial for us. |
I expect that after this quite good second half, Germany will sink back to anemic growth next year. |
The ECB is not on autopilot, which is what you've had at the Fed since June 2004. |
The Fed has been raising rates on a monthly basis, whatever the economic statistics. It would be very difficult to do that at the ECB, given the divisions on the board. |
The underlying trend is still upward. This just shows that the trees aren't growing up to the heavens. |