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  • Re: Ping Mason: Economic News

    From JNugent@21:1/5 to Spike on Thu May 25 18:03:17 2023
    On 25/05/2023 05:54 pm, Spike wrote:

    Radio news a few minutes ago:

    Germany has gone into recession.

    Ooops!

    Shortage of materials and high price of energy?

    It certainly can't be interest rates because they are negative.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Spike@21:1/5 to All on Thu May 25 16:54:15 2023
    Radio news a few minutes ago:

    Germany has gone into recession.

    --
    Spike

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Spike@21:1/5 to JNugent on Thu May 25 17:32:29 2023
    JNugent <[email protected]> wrote:
    On 25/05/2023 05:54 pm, Spike wrote:

    Radio news a few minutes ago:

    Germany has gone into recession.

    Ooops!

    Shortage of materials and high price of energy?

    It certainly can't be interest rates because they are negative.

    Appears to be due to German consumers taking a cautious approach to the
    future, and reining-in spending in favour of saving. Possibly might last a year?


    --
    Spike

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JNugent@21:1/5 to Spike on Thu May 25 19:36:59 2023
    On 25/05/2023 06:32 pm, Spike wrote:

    JNugent <[email protected]> wrote:
    On 25/05/2023 05:54 pm, Spike wrote:

    Radio news a few minutes ago:
    Germany has gone into recession.

    Ooops!
    Shortage of materials and high price of energy?
    It certainly can't be interest rates because they are negative.

    Appears to be due to German consumers taking a cautious approach to the future, and reining-in spending in favour of saving. Possibly might last a year?

    Good. All grist to the mill of reducing excessive demand and militating
    [look it up, Mason] against inflation.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Spike@21:1/5 to JNugent on Thu May 25 18:47:10 2023
    JNugent <[email protected]> wrote:
    On 25/05/2023 06:32 pm, Spike wrote:

    JNugent <[email protected]> wrote:
    On 25/05/2023 05:54 pm, Spike wrote:

    Radio news a few minutes ago:
    Germany has gone into recession.

    Ooops!
    Shortage of materials and high price of energy?
    It certainly can't be interest rates because they are negative.

    Appears to be due to German consumers taking a cautious approach to the
    future, and reining-in spending in favour of saving. Possibly might last a >> year?

    Good. All grist to the mill of reducing excessive demand and militating
    [look it up, Mason] against inflation.

    The last thing the recession-headed EU wants is a small island off it’s
    North West corner having an economy that’s pushing ahead while theirs goes backwards.

    --
    Spike

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Spike@21:1/5 to Spike on Fri May 26 09:30:30 2023
    Spike <[email protected]d> wrote:
    JNugent <[email protected]> wrote:
    On 25/05/2023 05:54 pm, Spike wrote:

    Radio news a few minutes ago:

    Germany has gone into recession.

    Ooops!

    Shortage of materials and high price of energy?

    It certainly can't be interest rates because they are negative.

    Appears to be due to German consumers taking a cautious approach to the future, and reining-in spending in favour of saving. Possibly might last a year?

    ‘Weak’ industrial activity apparently also shares the blame for the recession along with reduced consumer spending.

    --
    Spike

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)