Why You Should Invest in the ‘New’ Germany
Contrarian Profits (September 30th, 2009) Writes:
Pundits greeted Angela Merkel’s convincing election win in Germany Sunday with a collective yawn. Commentators think the German economy is sluggish and over-dependent on exports, and believe that a change in the German government from a grand coalition to a center-right coalition will make little policy difference.
I think that’s wrong. It’s an erroneous viewpoint that’s symptomatic of the short memories of the chattering media. It’s also one that could cause investors to miss out on one of the best profit plays in the global marketplace today.
I’m talking about Germany – the real powerhouse of Europe.
The “New” GermanyFrom the 1950s to the 1980s, West Germany consistently delivered high growth rates and low inflation. West German engineering proved superior to any other on the planet. And West German living standards rose far above anywhere else in Europe.
Then came 1990.
East and West Germany were reunited and an
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