Why Wolfgang Schaeuble is Not Happy

His name is Wolfgang Schaeuble and he is not happy.

 

 

 

 

 

You may ask, “I can clearly see that, but why is Wolfgang Schaeuble not happy?”

I will give you a hint: Wolfgang also happens to be the German Finance Minister.

He is watching and he sees things that he does not like.

Today, the rating agency Moody’s announced that it expects to cut US rating without deal to lower debt/GDP ratio. Also today, Wolfgang gave a speech:

In a speech to the Bundestag lower house of parliament to open a debate on the 2013 German budget, Schaeuble said worries about U.S. debt were a burden for the global economy, hitting back at Washington which has criticized Europe for failing to get a grip on its own debt crisis.

I agree with Wolfgang; even though he looks scary, he does understand the math. I just wish that the USA had some scary people that understand math at the Department of the Treasury. Instead, they have someone not scary who understands only this much of the math…

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