Effects from outside:
Japan reduces foreign surplus
Germany will reduce its, too ( perhaps most relevant for Europe)
US exports to East -rather doubtful
                                ? regulations
                                 Banks refused to give credit !!

German expansion policy ?? have an effect.
In view of the ? you probably expect me
to discuss the view that in the long run
full employment is reestablished by an automatic
reaction of effective demand, say by the ? effect:

But on