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| Mom was Swiss German (Swiss mother and German Father). Growing up you got to know that most of Europe only works with another country(s) to keep the third one from getting ahead. I agree with your opinion on Germany. They've seen this mess before and their people haven't forgotten what WWII did to their country. They won't put up with devaluation/hyper inflation.
Now, toss in a few other interesting events to make the markets more uncertain:
1. South Korean and U.S. agree that North Korea torpedoed that South Korean ship 2 months ago.
2. Brazen attacks against U.S. bases in Afganistan (repelled, but still adds uncertainty)
3. Japan has Foot and Mouth disease booming along through part of their country
4. The U.S. just passed a new Wall Street/Bank regulation bill in the Senate, goes to conference with House bill passed earlier
5. Unemployment was higher than anyone expected this week.
Just seems to me the markets are going to be quivering for awhile.
FWIW
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The Tricky Part Ahead
