German Ifo business-climate index posts sharp rise in July to 106.2

[ASusilovic]

LONDON (MarketWatch) -- Germany's Ifo index posted an unexpectedly large jump in July, offering further evidence of the strength of the euro zone's largest economy.

The business climate index jumped to 106.2, up from a reading of 101.8 in June, the Munich-based Ifo Institute reported Friday.

Economists had forecast a decline to 101.5.

http://www.marketwatch.com/story/german-business-climate-gauge-rises-sharply-2010-07-23

 

[SomeYoungGuy]

What are they doing right?

 

[Martinghoul]

Quote from SomeYoungGuy:
What are they doing right?

Have you seen the exchange rate recently?

 

[Cdntrader]

Quote from Martinghoul:

Have you seen the exchange rate recently?

and they actually make stuff to export

 

[ASusilovic]

Quote from Cdntrader:

and they actually make stuff to export

Stuff like Mercedes Benz, BMW, Audi, VW and Porsche´s that the Chinese like very much paid with money uncle Ben has printed. So tracing the $$$ is very easy :

US=> China=> Germany.

 

[Martinghoul]

Quote from ASusilovic:
Stuff like Mercedes Benz, BMW, Audi, VW and Porsche´s that the Chinese like very much paid with money uncle Ben has printed. So tracing the $$$ is very easy :

US=> China=> Germany.

Uncle Ben's money has nothing to do with it... The Chinese had a lot to begin with and their stimulus was a lot larger than anything Uncle Ben could dream of. It's their money that they're finally spending on Porsches etc, instead of squirreling it away for a rainy day. This is the correction of global imbalances in action and long may it continue.