The ECB’s interest rate hikes are having clear negative effects on the housing market in Germany. Building permits for new construction issued in January and February 2023: -28.4% for single-family houses, -52.4% for two-family houses, […]
This was being run by the German State Railway “Deutsche Bahn”. Not a word in German media about this failure – Germans never fail (at the worst they get caught cheating or bribing). In the […]
German economists are a bit slow, but the have come to the conclusion that was obvious for the past half year. And where their optimistic prognosis for 2025 and 2026 came from is not clear. […]
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