Some fancy statistical footwork saves the day. Read here German Minister for Economic Affairs Peter Altmaier explaining why Germany’s V-Recovery is unstoppable
Despite furlough scheme, hundreds of billions in subventions (mostly for zombie corporations), and other tricks – then this Read here
Production in September 2020: +1.6% on the previous month – still 8% below pre-crisis level. And wasn’t there a lockdown or something soon after? An Odd V otherwise known in German as “Ein Merkel V” […]
The number of persons employed dropped by 17.6% in March to August 2020 from the same period a year earlier Bars and pubs are substantially affected: turnover decreased by 45.5% over the same period, the […]
Let people’s incomes fall so that they spend less. Just give money to international corporations so that they can buy back their shares, pay dividends and boni, and make donations to political parties and provide […]
While German media is hailing their nation’s V-Recovery and the greatest chancellor of all time, the statistics tell a different story. Read here If you are having difficulties accessing the link, use this: https://www.destatis.de/EN/Press/2020/10/PE20_391_421.html
Employment is stagnant in Germany, with half a million less employed. Do not forget, Germany has round six million furloughed workers, not to mention an enormous self-employed grey zone, which is not discernable these into […]
Turnover in the non-financial business economy in Germany was down slightly in August 2020 compared with July 2020 Read here
New orders in main construction industry, July 2020 -5.6% on the previous month (in real terms, seasonally and calendar adjusted) -4.9% on the same month a year earlier (in real terms, calendar adjusted) -2.5% on […]
If this is a V-Recovery, it is obviously for the 1% Read here
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