Friday, November 18, 2011

Germany Is Making The Same Mistake That Allowed The Nazis To Come To Power

In his latest note, famously bearish SocGen analyst Dylan Grice goes there. Big time.
The subject of the note is Weimar, hyperinflation, and all that money printing that anyone talks about.

But it's not what you'd expect. He's not saying Germany printed money, and that caused Weimar hyperinflation. He's saying memories of Weimar caused Germany too adhere too much to hard money, and that caused unemployment and that lead to the Nazis.

For a real punch in the gut, check out the charts at http://www.businessinsider.com/unemployment-vs-nazi-party-vote-2011-11

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