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Auerbach:
Multinationals don't care about where demand comes from as long as it is increasing somewhere and they are allowed to go after it.

True. But if "somewhere" has to pay in greatly appreciated DMs (or Neuros), the demand might just look elsewhere.

As I've noted before, there is a fundamental contradiction between German monetarism and German mercantilism. The Chinese don't get this wrong.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 2nd, 2011 at 02:44:28 AM EST
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