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Monday, September 28, 2009

Conservatives Crush Liberals in Germany's Election

A tidal wave of conservatism toppled liberals in Germany over the weekend, opening the way for labor reform and tax cuts. I think a similar storm is brewing worldwide, including in the U.S...

Interestingly, Germany's Left-wing Social Democrats recorded their worst election defeat in 60 years with only 23% of the vote. Should be good news for German business and the German stock market.