European Stocks crumble
What impact did the German regional election have on German stocks? The Conservative government has done a fairly good job running things. Their unemployment rate was exactly the same as ours in January 2009, but while ours is now at 9.1 percent and theirs is 7 percent. The US and Germany have both incurred a lot of debt since then, though theirs has gone up because they are trying to bail out the other spendthrift countries in Europe. My own guess is that it is the fear that the German Social Democrats will regain control that is causing stocks in Germany to fall.