It’s Magic!

It’s as if none of this Corona crap ever happened at all!

Magic

Maybe that’s because none of this Corona crap ever did happen. Not like it was supposed to happen, I mean. Not that anybody ever really knew how it was supposed to happen but everybody knows now that it simply didn’t happen that way. Folks sure got riled up though, didn’t they?

Germany poised for big economic recovery – The German economy is expected to shrink by more than 6% this year. But a new study found the country could be in for a big economic recovery next year.

In a best-case scenario, the economy could recover in about five months, the institute said. This would result in a more mild economic slump of just 3.9% in 2020.

But in a worst-case scenario, the recovery could also take as long as 16 months. The economy could then shrink by 9.3% this year, with growth of 9.5% forecast for 2021.

“In that case, the recovery would stretch into 2022.”

If We’re Really Lucky, June Is Going To Suck

May was REALLY awful.

Exports

And we don’t even want to talk about June.

The mood among German exporters recovered somewhat in May after a “catastrophic” April, the first full month of coronavirus lockdown measures in Europe’s largest economy, the Ifo institute said on Tuesday.

“Virtually every sector still expects further declines, yet these will be less sharp than had been expected in the previous month,” the Munich think tank said in a monthly release.

The Ifo export indicator, based on a survey of around 2,300 manufacturing businesses, rose in May to -26.9 from -50.2. It is a net reading for respondents expecting an increase minus those who see a decline.

Austria Doing Germany’s Job Again

Frugality? Refusing to pay other countries’ debts? That was “old Germany.”

Austria

Now the Germans need a country like Austria to take care of the problem for them – just like the Austrians took care of Merkel’s migrant madness by closing their borders way back when.

‘Frugal four’ nations counter Franco-German EU initiative – Four EU countries have teamed up, rejecting Macron and Merkel’s persistent lobbying for a €500 billion rescue fund. Instead, they have their own scheme on how to save Europe from economic fallout amid the pandemic…

The four countries also indicated that they will neither agree to a mutualization of debt nor an increase in the EU budget. Their draft proposal was seen by the German Press Agency (DPA) on Saturday.

“Our objective is to provide temporary, dedicated funding through the EU budgetû and to offer favorable loans to those who have been most severely affected by the crisis.”

German Of The Day: Übersterblichkeit

That means higher mortality rate.

Dead

But you need to read in which context it is being used here to get the whole message: Nur geringe Übersterblichkeit – Todesfälle im April knapp über dem Schnitt. That is: Only a slightly higher mortality rate – The fatalities in April were just slightly above average.

My, that is odd, isn’t it? Wasn’t April the big Corona month in Germany? Just like everywhere else? And the country’s mortality rate was only slightly higher than usual? There must be a mistake here somewhere. Or were we all mislead to expect something else? Certainly not intentionally. Or was it just ineptitude? Numbers, black on white like that, can be very mysterious sometimes. Especially when they don’t fit your story line.

Im April sterben zwar mehr Menschen in Deutschland als im Durchschnitt – der Anstieg beträgt aber nur wenige Prozent.

German Of The Day: Wiederaufbaufonds

That means reconstruction bonds. Or Eurobonds/Coronabonds light. Or Germany breaking a taboo and knuckling under to France to share debt with other EU countries, if you prefer.

Merkel

It’s hard to keep up with them. Politicians just can’t burn money fast enough these days.

German Chancellor Angela Merkel broke with her country’s longstanding opposition to raising money together with other – often poorer – EU countries. But the proposal made with French President Emmanuel Macron is limited in scale and duration, which could help her sell it to skeptics back home.

It consists of 500 billion euros ($550 billion) in loans and grants to help countries through the recession, and is viewed by some as a step toward stronger EU ties as the 27-country union faces challenges not just from the virus crisis, but from populist forces in member countries Hungary and Poland who want to loosen the bloc’s ties.

Werteunion ruft zu Widerstand gegen Merkel auf.

More Bad News

For the perennial doom-and-gloom folks in charge of what we are supposed to think – at least here in Germany.

Gloom

As if the popular uprising against the Coronavirus shutdown here wasn’t enough.

Bundesbank sees early signs of recovery in German economy – Central bank expects easing of lockdown to boost activity in Europe’s largest economy

“There is currently much to suggest that overall economic developments will move up again in the course of the second quarter as a result of the easing measures and a recovery is under way.”

Lockdown Or Lockup?

Take your pick, citizens.

Rules

You either shutdown voluntarily or we shut you down permanently.

Germans are people who wait until the light turns green before crossing the street. Even if nobody else is around. They are top of the class when it comes to following rules and regulations. They are very law-abiding people, in other words. But the Coronavirus – or the arbitrary and disproportionatly restrictive government actions being taken in response to the COVID-19 pandemic here in Germany – seems to have had a negative effect upon their normal behavioral patterns and they are now taking to the streets in protest. North, south, east and west. They are, in other words, mad as hell and aren’t going to take it anymore.

Proteste in vielen deutschen Städten – Tränengas und Festnahmen bei Corona-Demo in Hamburg.

German Of The Day: Geisterspiele

“Ghost games” are sporting matches, in this case football (soccer) matches, without spectators in the stadium. Games behind closed doors, in other words.

Geist

The German Bundesliga will pick up its season this weekend after a two-month break. No matter what happens now, the league is determined to finish.

The plan to put German soccer back on the field this weekend hinged on more moving parts than a Volkswagen. Clubs had to conduct more than 2,000 coronavirus tests. Chancellor Angela Merkel needed to give her blessing. The Bundesliga drew up a protocol to disinfect balls mid-game.