Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Worst Snows In 41 Years Causes German Economy

Recommended Posts

http://uk.finance.yahoo.com/news/German-economy-powers-ahead-tele-3138648834.html?x=0

German economy powers ahead despite coldest winter in 41 years
9:37, Thursday 24 February 2011
Germany's economy continues to power ahead despite experiencing the coldest winter since 1969, as the country posted its seventh consecutive quarter of GDP growth.*
Bad weather failed to put the brakes on Germany's recovery, with the figures released by the Federal Statistics Office in Wiesbaden on Thursday showing a 0.4pc rise in Q4 GDP on the previous quarter.
The statistics also come the day after Germany's central bank boss Axel Rose revised the country's 2011 growth forecast to 2.5pc from 2pc..../

The reason our economy is not doing well is because most of our money is tied up in house prices and the need to shift the terrible debt that such an economy encourages. Simple realy. Snow was just a lame excuse.

__________________

*

DAX 7,127.51 -67.09 -0.93% Sell! Sell! Sell!

Edited by Realistbear

Share this post


Link to post
Share on other sites

We are spending most of our capital speculating on commodities, or bidding up houses and commercial real estate. Germany is building industrial plant, and investing in research and development.

Its not even rocket science.. like if a big company earns £1 billion in profit.. does it invest that money back into the company, say funding more research. Or does it do a stock buyback and try to drive up the price of the stock?

Share this post


Link to post
Share on other sites

Is there a little trap being set by TPTB. Before long TPTB will be back to comparing the UK with Germany like during the 80s and asking for workforce sacrifices to catch up with them and presenting it as their very own new idea that they've just come up with. Then they'll throw it all away again.

Edited by billybong

Share this post


Link to post
Share on other sites

The reason our economy is not doing well is because most of our money is tied up in house prices and the need to shift the terrible debt that such an economy encourages. Simple realy. Snow was just a lame excuse.

:o RB, What's wrong? I actually agree with you - and you're not dramatacising your comment.

I hope this is a new start for you :)

Share this post


Link to post
Share on other sites

I only moved to Germany a year ago, but this winter seems very mild compared with last year. In fact, this is one of the warmest Feb's on record, here in Munich.

I spent a while in Dusseldorf and found it much too warm for my liking, even though it's pretty much on the same latitude as London and the South East where I'm from.

Now in Amsterdam which is way better, weather is almost identical to UK (temperature, humidity etc), must be something to do with being closer to the coast

:)

Edited by madpenguin

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.