Berlin Boost
11/13/2013 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, German exports, Germany, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
Since 2006, Germany has been running annual trade surpluses of over 6% of GDP, making it hard for Southern European nations to export their way to prosperity. While the EU is employing harsh adjectives with Berlin in an attempt to make Germany change its way, Europe’s best hope is to have the left-leaning Social Democrats join Merkel’s coalition and demand expansionary fiscal policy, leading to faster growth and more imports.