Category Archives: Heconomy

Don’t cry for me, Argentina

September 21, 2023 By in Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , Leave a comment

Actually, go ahead.

Go ahead and cry for me, Argentina. We can cry together, if you want.

Germany Joins Argentina as Only G-20 Member Facing GDP Drop – Germany faces the only contraction in any Group of 20 economy aside from Argentina this year, according to the OECD, which cut its outlook through 2024.

The euro-zone country will suffer a 0.2% drop in gross domestic product in 2023 — down from a previous projection for stagnation, the Paris-based organization said in new forecasts published Tuesday. It will then grow only 0.9% in 2024, down from 1.3% anticipated in June.

What happened?

September 20, 2023 By in Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , , Leave a comment

The Greens happened.

Now it’s US-Amerika‘s turn (some call it The Banana Republic).

Germany went from envy of the world to the worst-performing major developed economy. What happened?

For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports.

Jobs were plentiful, the government’s financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany.

No longer. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.

Revive Germany by strangling it?

September 16, 2023 By in Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking Tags: , , , , , , Leave a comment

What a novel idea!

Let’s give it a try.

Scholz’s Dream of Climate Revolution to Revive Germany Is Dying – Chancellor’s ambition for economic miracle is floundering.

Coalition is reeling from months of infighting over green plan…

Another big brake on growth and investment is energy costs. Although lower than last year’s records, gas and power prices are still between two to three times the level compared with before the war in Ukraine.

It’s the energy, stupid

September 13, 2023 By in Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking Tags: , , , , , Leave a comment

They may beat them in footbal (2-1 last night, without a manager) but…

German economic weakness belies France’s outperformance – Germany’s economic weakness is casting a flattering light on France’s relative resilience that belies the otherwise middling performance of the euro zone’s second-biggest economy, economists say…

Germany’s manufacturing-focused economy is struggling to adapt to being cutoff from cheap Russian gas and the rise of the electric vehicle, said Charles-Henri Colombier with the Rexecode economics think tank in Paris.

Germany’s gas-hungry chemical industry has seen production fall 18% from 2019 levels while in France it is only 8%, Colombier said. Meanwhile, German motor vehicle production is down 26% and only 6% in France.

We’re number one!

September 12, 2023 By in Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , , Leave a comment

At saving the planet.

Too bad we’re destroying ourselves in the process.

Strike one: Germany’s nuclear phase-out.
Strike two: Its self-inflicted energy dependency on Russia.
Strike three: Still believing that renewable energy can run an industrialized country.

Green energy prices are killing German industry right before our very eyes.

Germany predicted to be the only major European economy to contract this year as recession lingers – The German economy has struggled in the wake of Russia’s invasion of Ukraine, with Berlin having to, very quickly, end years of energy dependency on the Kremlin. The International Monetary Fund said in July that Germany would likely contract by 0.3% this year.

German of the day: alles bestens

September 8, 2023 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , Leave a comment

That means everything is fine, cool, hunky-dory.

Falling industrial output for three straight months ain’t no big deal, says German Green Vice Chancellor Robert Habeck. And “not everything is bad,” he added. Wow. That’s actually unbridled optimism for a Green.

Habeck defends German economy as output drops – Vice Chancellor Robert Habeck said Germany remains a “highly attractive location” for investors. But the statistics agency said industrial output fell for a third straight month, and that wasn’t the only negative news.

What, me worry?

September 7, 2023 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology Tags: , , , , , , , , Leave a comment

About work? I live in Germany.

I’ll just live off the state (i.e., taxpayers). Everybody’s doing it!

Germans question value of working after new welfare increases, survey shows – More than half of Germans believe work is not worthwhile after the government’s planned increase in welfare payments and child benefits, a survey showed on Tuesday.

The government said it was raising benefits, first introduced in 2005, to fight child poverty and help citizens cope with inflation, but added it did not want to deter people from work altogether.

Welfare payments, dubbed “citizens’ money”, for more than 5.5 million jobless in Germany will rise to 563 euros ($605.06)from 502 euros per month for single people from next year.

PS: What you may not be aware of is that those who receive welfare payments in Germany also get their rent, healthcare and other entitlements paid for in addition.

The lack of Russian gas isn’t your problem, Germany

August 30, 2023 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking Tags: , , , , , , , , Leave a comment

It was your willing dependency on it. And your systematic shutdown of reliable energy sources at home.

Green ideology got you here. Now sit back and enjoy it. And remember: You’re setting an example for the rest of the world.

Energy fears spur German industrials to seek investments abroad – Annual business survey finds concern over country’s future without Russian gas.

Nearly a third of German industrial companies are planning to boost production abroad rather than at home amid increasing concern over the country’s future without Russian gas, according to a closely watched annual survey.

The annual “Energy Transition Barometer” by the German Chamber of Commerce and Industry (DIHK) found that 32 per cent of companies surveyed favoured investment abroad over domestic expansion. The figure was double the 16 per cent in last year’s survey.

Step One: Do everything you can to make it difficult to build new housing…

August 27, 2023 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking Tags: , , , , , , , , , Leave a comment

Step two: Once rent prices explode due to step one, introduce a rent freeze to end the few meager building projects still in operation.

Go Social Democracy!

Germany’s ruling party plans to curb rent increases – SPD set to unveil measures to tackle soaring costs facing tenants, says senior lawmaker.

Germany’s ruling Social Democratic party is set to propose a three-year rent break across the country, as tenants struggle to cope with the soaring cost of housing in Europe’s largest economy.

“We need to create breathing room — we need a rent freeze for the next three years,” senior SPD lawmaker Verena Hubertz told Bild am Sonntag, adding that Chancellor Olaf Scholz would outline measures on Monday to tackle the country’s cost of living crisis.