I have been observing the German economy very regularly for almost 50 years. What is currently happening has never happened in Germany in this long time: The economy is in a long and severe recession, but politicians don’t want to admit it. …
‘Germany in the focus’ was the headline of a story on ntv a few weeks ago about Peter Navarro, known as ‘Trump’s trade warrior’. Navarro is currently in prison for four months, but if he wins, Trump will probably quickly bring him back into the administration with responsibility for international trade. …
There are unwritten laws that everyone who has to deal with them knows, but nobody talks about them openly because any attempt to bring them out into the open is punished by the community with eternal exclusion. The strongest community in this world is without doubt that of the financial markets. …
If the German Federal Statistical Office hadn’t officially announced it last Friday, you wouldn’t have believed it. In Germany, the part of collective wage agreements that leads to a permanent collective wage increase actually amounted to only 2.4 per cent last year. …
