German Of The Day: 5 Billionen

That means 5 trillion (don’t ask, but it really does). And that’s how many euros German savers have set aside for a rainy day.

Trillion

That’s going to be one rainy day.

Zwar investierten die privaten Haushalte ihr Geld trotz niedriger Zinsen vor allem in kurzfristige und vermeintlich sichere Bankeinlagen. Trotzdem wuchs ihr Geldvermögen von Juli bis September 2014 um 28 Milliarden Euro oder 0,6 Prozent auf 5,01 Billionen Euro, wie die Deutsche Bundesbank mitteilte.

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Would Numbers Lie?

News products can be that way. On the one hand the numbers tell us today that the mood in the German economy has picked up yet again and that German companies are looking ahead to 2015 with renewed confidence.

Positive

At the same time we read how Germany’s National Office for Statistics has determined that one in every five Germans is a victim of poverty.

A contradiction? Not necessarily, I guess. That’s why everybody’s kind of happy sort of around here these days. And that’s why I, for one, believe everything I read.

Die Stimmung in der deutschen Wirtschaft hat sich im Dezember erneut verbessert: Der Ifo-Index legte zum zweiten Mal zu.