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If that disposable income is spent it will be inflationary, and the Bundesbank won't like it.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Jan 25th, 2011 at 12:56:28 PM EST
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My guess it that most of it went to the top few percent of the income spectrum and it will be saved.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jan 25th, 2011 at 12:58:24 PM EST
[ Parent ]
would i be right in inferring from the point of your comment that this could be interpreted as germany starting to see the folly of throwaway consumerism, and pumping rope-a-dope get-rich-quick bubble consumer confidence tricks?

 thus getting back to an older attitude about saving for a rainy day?

(not even wrong? lol)

and would that be because they have all their eggs in an export-driven economy, that has not benefited the domectic rank and file factory drone very much, (other than he/she having a job at all)?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Jan 25th, 2011 at 07:14:41 PM EST
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