"German government offers to guarantee all private savings accounts, reports AFP -- Bloomberg"
As the global market melts down, we are looking for attractive entry points in high quality dividend yielding assets. Germany's exchange traded fund, EWG, yields 10.3% now, and if we are patient, we can probably get this ETF cheaper. In the meantime, cash remains king.
German fiscal policy is less frightening than that of America’s. Unlike in the US, the German unemployment cycle remains calm; and their monetary policy views of the Bundesbank remain objective.
My downside target for EWG is $21.50. I'm a buyer there. EWG closed at $22.29 on Friday.