German Stimulus has failed. It is all going to hell Globally.

Discussion in 'Economy' started by Neubarth, Feb 12, 2010.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    German Stimulus has failed. It is all going to hell Globally.
    Quote

    BERLIN (AP) -- Germany's economic recovery unexpectedly lost momentum in the fourth quarter as output failed to grow from the previous three months, official data showed Friday.

    The preliminary data for the October-December period show gross domestic product was unchanged compared with the previous three months, after quarterly gains in both the second and third quarters brought Europe's biggest economy out of a deep recession.

    The German government's Federal Statistical Office identified exports, the traditional driver of the German economy, as the "only positive contribution."

    ^^^^^^^^^^^^^^^^^^^^^^

    Germany was wise with their stimulus plan. Almost all of the actions were keyed to put people to work and to encourage manufacture of cars, trains, ships and houses. Now, the money has run out and everything is grinding to a halt.

    Germany is the strongest economy in Europe. With them faltering the rest of the countries will continue to fall into the Greatest Depression that I have been talking about for many years now.

    When I was warning everybody about the three bubbles (Stocks, Credit and Property) that were going to crash, most of my friends seemed to think that I was joking. Now I have been warning for six months about the outrageous bubble in stock valuation. This time, many of my friends tell me they have gone to Government bonds and notes.

    Good. At least this time the Corrupt Bankers like Goldman Sachs will not make off with all of their investment money.
     
  2. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
  3. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Here is the Baltic Dry Index. Note the two recent blips up in global shipping.

    That was the two periods where China was importing massive amounts of commodities to fuel their stimulus plan. Well, they have done everything that they knew how to do, and they still have massive unemployment in China.
    Bloomberg.com: Personal Finance
     
  4. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Are they going to bail out the country of Greece?
     
  5. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    And the Germans managed to keep their manufacturing base from leaving the country. If they're in the shit, then the rest of Europe is doomed. As are we.
     
  6. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    Greece has problems that cannot be bailed out.
     
  7. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    so do we.
     

Share This Page