Excesses of Supply Theory (tags)
In Germany, the competitiveness of businesses is still set above strengthening domestic demand. Therefore Germany could skid into a recession. In the US, trickle-down economics, tax cuts benefiting the top 1% and military Keynesianism make the economic future ominous.
Mr. Greenspan and the German Way (tags)
Greenspan's dilemma is that interest rates must rise to reduce the trade deficit ($617B in 2004) and keep foreign investors ($2B a day) though this could burst the real estate bubble and raise consumer prices. US prosperity is a credit-b ased prosperity.