Facebook Blogging

Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Tuesday, July 29, 2003

Feedback From Germany

Joerg From Germany with some feedback on my German post yesterday. I don't think he's quite right to be so cynical, I thinks it's worse, I think they actually believe it. Anyway, it's a promise, if the 'treasury view' turns out to be right, and we have a significant German growth spurt next year (note the careful choice of words) it's online photos of me in sackcloth, and if I'm wrong enough, the ashes too!!

I would love to get a picture of you in sack cloth.

However, let´s wait and see. If the Bartsch/Sinn/Economist expectations for Germany do materialise, this would, of course, be welcome. But it shouldn´t give anyone the idea that some substantial change took place and led to an alteration of the course of events, a shifting of paths or the like. The health care reform certainly doesn´t qualify as a major restructuring. If growth returns, we will have to attribute that to the economic cycle. The politicians themselves seem to be convinced that
they didn´t achieve anything much - so it may be Bartsch and Sinn were just tired of singing the same old tune.

No comments: