German unemployment highest since 1930's

[phk]

The Falling Dollar Syndrome.

[phk]

GROWTH IN the U.S. in the third quarter was 3.9 percent. In Europe, it was 1.2 percent, and in Germany and France it was 0.4 percent.

Much of that weak growth in Europe is based on strong export demand. As the euro goes up in value, European exports will decline as their prices rise on the world market.

That threatens to throw some European economies back into recession.

One of the peculiarities of the situation is that the U.S. economy, which is stronger than Europe or Japan’s, is attempting to get these countries to subsidize higher growth in the U.S. by slower growth in their own economies.

It’s what’s known as a "beggar thy neighbor policy"–get out of your problems by exporting them to someone else, even if they are in a weaker position economically than you are.

[phk]

Euro-economies are driven by export-growth.

When the Euro inflates in value, they hurt.

Our growth is driven by consumer spending, thus if consumer confidence index falls; we hurt.

[phk]

I think its possible to get dual-citizenship. Best of both worlds.