If your currentsavingsaccount is offering you pittance compared with the market leaders, switching to the high interest savingsaccount seems pretty smart.
Rather than forcing Germans, whose savings rates and currentaccount surplus results from years of fiscal prudence, to lend even more money and suffer higher inflation so that the southern tier can receive more monetary stimulus, Dombret argues the citizens of deficit economies must spend less while working, producing and saving more.
If investors twig that European companies aren't such bad investments after all, he says, it will not be so easy for America to finance its current-account deficit with European savings and that points only one way for the dollar.