Why is the German economy such a success.

[finnbow]

Here's an interesting article on the very subject:

"As long as U.S. intelligence agencies are hell-bent on spying on Germany, why can’t they turn up some truly useful secrets? For instance, how to have an economy that bolsters a nation’s power and fosters a vibrant middle class.

The latest edition of the CIA’s World Factbook spells out how Germany succeeds and the United States fails at these crucial tasks. The book ranks the planet’s 193 countries by their current account balances (that is, their trade balances) in 2013. Germany comes in first, with a surplus of $257 billion. The United States is last, with a deficit of $361 billion."

http://www.washingtonpost.com/opinio...348_story.html

[nailer]

Germans save while Americans spend and borrow to spend more.

[finnbow]

Originally Posted by nailer

Germans save while Americans spend and borrow to spend more.

And these facts directly drive the trade numbers. Germans save so much that they don't create enough domestic demand for their products and very little demand for their neighbors products. German industry is therefore significantly more export based than ours.

[nailer]

And as a result the Germans and other export driven economies have to lend us money in order to sell their products and maintain their economies.

[Pio1980]

Originally Posted by nailer

And as a result the Germans and other export driven economies have to lend us money in order to sell their products and maintain their economies.

Interesting how that commerce thing works in the Real world.

Sent from my SM-N900V using Tapatalk