German guy I follow on Twitter says (investment professional who normally tweets about stocks) says. “This is what happens when left green amateurs without any relevant experience get elected into key government positions.”
He is not opposed to environmentalism but he thinks it should be enacted by business professionals not by caffeinated high school kids.
From AFP NEWS via BArron’s
German Factory Output Registers Sixth Straight Fall
By AFP - Agence France Presse
January 9, 2024
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German industrial production unexpectedly fell in November, official data showed Tuesday, the sixth straight monthly drop and the latest sign of weakness for Europe’s top economy.
Output slipped 0.7 percent on the previous month, after a revised fall of 0.3 percent in October, federal statistics agency Destatis said. . . .
Daniel Kral, a really cerebral Czech mathematician and economist who leads the Laboratory of Discrete Methods and Algorithms (DIMEA) at a European University
notes that German production fell off a cliff ins 2018 and he adds this chart.
German production factories are under pressure because gas cost is high day by day increase rates. Technology companies are thinking about to transfer production unit.
The result was a huge budget deficit that exceeded constitutional limits. A German court recently ruled that Germany cannot continue the budget deficits.
Expect rising energy costs and more deindustrialization in Germany.
