Reply #4: German stocks

[ze_dscherman]

Hi Julie,

similar picture here as in the U.S. - social cuts, unemployment numbers going up, economy in recession, but the stock market seems to live on hope and is rising.

Some general numbers here: http://quote.bloomberg.com/apps/news?pid=10000100&sid=aKjjF7LhwXx8&refer=germany

My guts feeling is that we will see a long economic stagnation for some time to come. With some bad luck, even prolonged recession. The overall economical and political situation has created a climate of anxiety that is hard to overcome - and big structural problems (like rising health costs and a crumbling pension system) are looming in the future.

Let's hope reality proves me wrong!