Germany Archive

JPM, MS Q1 revision, Fed labor market conditions index, German exports fall, Japan GDP

From JPM: In light of the data we’ve received this week – January reports for real consumer spending, construction spending, and net exports that varied from disappointing to downright weak, as well as a softer February print for car sales –– we are marking down our tracking for annualized real GDP growth ...Read More

Macro update

First this, supporting what I’ve been writing about all along: Here’s Proof That Congress Has Been Dragging Down The Economy For Years By Shane Ferro Oct 8 (Business Insider) — In honor of the new fiscal year, the Brookings Institution released the Fiscal Impact Measure, an interactive chart by senior fellow Louise ...Read More

The 10th Plague

Several years ago I began using the analogy of the 10th plague of the Old Testament, the idea being that the EU wouldn’t move away from austerity until it brought down Germany itself. It’s looking like that day is getting a whole lot closer, as austerity has not only damaged Germany’s export ...Read More

German unemployment at 6.7%

Shows how far economic expectations have deteriorated when this kind of a whopping output gap is considered to be an unquestioned success and the envy of the euro zone, as well as most of the world. Taxation creates unemployment (people seeking paid work), by design, as a simple point of logic. So ...Read More

So how well is Germany doing?

So how well is Germany doing? German Economic Growth Fails to Gain Impetus (WSJ) Germany’s gross domestic product expanded 0.4% in 2013, following growth of 0.7% in 2012, the Federal Statistics Office said on Wednesday. The economy grew 0.5% when taking account of the number of working days each year. Based on ...Read More

German consumption vs EU consumption

Shows how German consumption used to grow a bit more than the EU overall, then switched to a bit more growth, and may now be converging with no growth. Full size image ...Read More

Kfw story from bill mitchell

The fiscal role of the KfW By Bill Mitchell ...Read More

German export growth and household income growth

German domestic demand better hurry up and improve before there’s no household income growth left to support it. Or export growth. That said, Germany output and employment has been outperforming the rest of europe, much the way Texas and North Dakota may outperform in the states. When the federal deficit is too ...Read More

Morgan Stanley on eu

German IFO, GDP & Eurogroup: After last month’s drop to 107.4, MS Research expects the IFO business climate to decline by further 0.4 points to a reading of 107.0 in November. They would expect both business expectations for the next 6 months and current business conditions to have corrected, with the expectations ...Read More

BMW, Mercedes Step Up Used Cars Push to Combat Slump

Slumping demand in Germany: BMW, Mercedes Step Up Used Cars Push to Combat Slump By Dorothee Tschampa June 1 (Bloomberg) — With fewer and fewer Germans buying new cars, Bayerische Motoren Werke AG (BMW), Daimler AG (DAI) and Volkswagen AG (VOW3) are trying the next-best thing: pushing second-hand models. Counting on the ...Read More