Sorry to hear this as I really love Canada. But we are all suffering of this woke virus I guess. But maybe change is in the air.... (Don)
Please put London into the ecuation
Germany's energy crisis in a nutshell
We people in the field know that when a political functionary gets his claws into something, it turns into ideological garbage. This is what happened with the fundamental industry of any economy, the energy sector in Germany.
All the major parties have been involved in the destruction of nuclear energy, all are involved in nationalizing the energy sector and using subsidies to push nonsensical, ineffective energies such as wind energy further down the road. Germany is fighting against its own industry, its own prosperity. And as I said, everyone was involved: the liberal-socialists of the FDP as well as the communists of the Greens or the pseudo-conservatives of the greened Merkel CDU. There is no need to say a word about the intellectually exsanguinated Social Democrats at this point.
The gap in relative energy costs between Germany and the USA, which has been torn open by incredibly stupid energy policies, is exemplary of the origin of the de-industrialization of the country, which is becoming a laughing stock politically.
#germany #usa #nuclear #energy #energycrisis #recession #ampel #climatescam
above the clown looks like Pablo Escobar's mentally retarded brother
Latest GDP and Inflation Data Suggest Moderation in US Economy
The US economy showed signs of slowing in the third quarter, with key indicators coming in below expectations. Gross domestic product (GDP) grew at an annualized rate of 2.8%, missing the 2.9% forecast and marking a decline from the prior quarter's 3.0% expansion.
Meanwhile, the personal consumption expenditures (PCE) index, the Federal Reserve's preferred inflation gauge, rose 1.5% - well below the 2.7% estimate and the previous quarter's 2.5% increase. Core PCE, which excludes volatile food and energy prices, increased 2.2%, slightly higher than the 2.1% forecast but down from 2.8% in the prior period.
#USeconomy #economics #macroeconomics #federalreserve #monetarypolicy
Robust Job Growth Signals Resilient Labor Market
In a surprising turn, the latest ADP nonfarm employment change report showcased a significant uptick in private sector job creation, surpassing market expectations.
The data revealed a robust increase of 233,000 new jobs, far exceeding the forecasted 110,500. This strong performance follows the previous month's figure of 143,000, underscoring the ongoing strength and resilience of the US labor market. Now let's wait for the correction...
#JobMarket #EconomicGrowth #ADP #PrivatePayrolls #LaborData
Germany's March Towards Socialism
It is an almost absurd development, but the greater the state's debt problem, the more clearly the demographic trap on the horizon takes shape, the deeper the country slides into a self-induced recession, the stronger the state sector grows, which has to siphon off more and more economic energy from the shrinking productive sector of society.
Around 6.2 million people, or 16% of the German working population, currently work for the state, its public services or social insurance. The chart shows that the key industry that has brought about and secured Germany's economic success, the automotive industry, can no longer cushion the numerous political attacks of recent years.
Jobs are being cut here, and the clear-cutting currently being announced by Volkswagen (30,000 job cuts) will massively exacerbate this trend. Germany's prosperity is no longer on the brink, it has long been eroding and accelerating in its erosion. This irresponsible and infantile German policy is dragging the entire European continent into a deep recession and an economic structural crisis that can only be healed by breaking up these structures. The return to a free market economy, to a minimal state and the end of the submissive illusion of the omnipotence of the state must seep into people's minds.
#germany #recession #wef #socialism #mises #climatescam #vw #carsector https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/26182c5e5e5aa6077109e625731dad28a86d33cb7122612d9485a3ab90a89311.webp
Eurozone Defies Odds: Q3 Growth Surges Despite Industrial Slump
Economic growth in the Eurozone surprised analysts by doubling expectations in Q3 2024, hitting 0.4% quarterly growth versus the predicted 0.2%. While year-over-year growth reached 0.9%, concerns mount over the sustainability of this expansion.
The growth appears largely driven by government stimulus rather than organic economic strength. Industrial sectors continue sliding into recession territory, while consumer inflation expectations keep climbing. Most concerning is the lack of productivity gains, suggesting the expansion isn't built on stronger fundamentals.
#eurozone #economics #recession #inflation #eurofiscal
Slowly but surely, the precarious green-socialist policies of the German government are coming to fruition. The labor market is picking up speed (vectors have long ceased to play a role for these figures in Berlin) and more and more people see themselves transitioning into the green Valhalla promised by the commies.
#germany #labormarket #unemployment #Ampel #greendeal #climatescam #Recession https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/f1cfbdbc58796c7232599818ffbbe22aef0751552aa7e54ccacb1b85b00d0816.webp
Toyota worldwide output drops for 8th straight month in September https://www.reuters.com/business/autos-transportation/toyota-worldwide-output-drops-8th-straight-month-september-2024-10-30/?taid=6721d5f29303b30001fd87d5&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
we will see when the elites in the economy finally wake up and realize that they are being ripped off. #wef #greendeal #climatescam
It is better for you to be free of fear lying upon a pallet than to have a golden couch and a rich table and be full of trouble.
(Epicuros)
GM, stay humble, friends. It's getting wild. They are not done by far.
#bitcoin
Socialization of individual risks
This is an alarming social trend in the countries of the bed: young men who can no longer find a job or are not in education and are therefore no longer able to develop any goals for a self-determined life.
Increasing socialization of individual risks has led to this catastrophe and it is only the beginning, until a social shock will eventually initiate a countermovement.
#socialism #bureaucracy https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/a508a421dbca9ec7d0fa74b1bbf59fbd3f33a16e060a1decfe8d128ab7306fda.webp
The inflationary use of the term fascist in connection with political opponents or those who think differently is, on the surface, a symptom of the deep divisions in Western society. The ability to engage in dialog has disappeared, the will to listen to each other is disappearing.
Beneath this surface, however, something much more dramatic is happening: people who refuse this maximum negation of civilization have already been torn from their own civilizing ground, are no longer capable of consensus and are no longer prepared to maintain good neighbourly relations in the broadest sense of the word, which includes accepting what is happening in the neighbor's garden, even if it is alienating.
These are declarations of war on a small scale which, when organized as political platforms, can degenerate into declarations of war on a grand scale. Reconciliation will have to be sought on a small scale, in everyday coexistence. Anyone hoping for a unifying political messiah should go back to bed!
#us #uselections2024 #trump #harris #culture
I really have a passion for the US. There will be a great comeback
Israeli PM Seeks Political Solution to End Lebanon Conflict
Israeli Prime Minister Benjamin Netanyahu is set to convene a crucial meeting with his top ministers to discuss potential avenues for a political resolution to the ongoing hostilities in Lebanon. According to a report by Axios, the high-level discussions aim to explore diplomatic pathways to de-escalate the tense regional situation.
The move signals a shift in Israel's approach, as the government explores alternatives to the current military confrontation.
"After weeks of escalating tensions, there appears to be a diplomatic window opening," noted regional expert Dr. Samantha Greenfield. "The upcoming talks could lay the groundwork for a comprehensive political solution that addresses the core grievances of all parties involved."
The discussions come at a pivotal moment, as the toll on civilians mounts and international pressure for a resolution intensifies.
#Israel #Lebanon #Diplomacy #PoliticalSettlement #MiddleEast #ConflictResolution #MiddleEastPeace
It's really the opposite. I was fighting as the only libertarian a lost war for decades over there. But I'm done and out
U.S. Job Openings Slow as Confidence Rises
The latest U.S. macroeconomic data has painted a complex picture of the nation's economic landscape. One key datapoint saw Job Openings, as measured by the closely-watched JOLTS report, come in at 7.4 million, lower than the 8 million expected and the previous 8.04 million.
However, the U.S. Conference Board's Consumer Confidence Index rose to 108.7 in October, beating the forecasted 99.5 and topping September's 98.7 reading. This uptick in consumer optimism coincides with the easing of job openings, hinting at potential shifts in the economic winds.
Short-term interest rate futures rose slightly following the data release, as traders position for the possibility of future rate cuts by the Federal Reserve.
#EconomicData #FedWatch #MarketReaction #USEconomy #JobMarket #ConsumerConfidence
Eurozone: ECB Vice President Signals Distress as Keynesian Policies Show Cracks
In a concerning development for the Eurozone's economic outlook, European Central Bank Vice President Luis de Guindos has expressed significant apprehension about the region's deteriorating economic performance. Speaking at a key address in Madrid, de Guindos revealed that economic activity across the Eurozone has fallen notably below expectations, with persistent sectoral disparities highlighting structural weaknesses.
Despite reported income growth, the Vice President pointed to a particularly troubling trend: consumer spending remains notably subdued while savings rates have surged beyond projected levels. This paradoxical behavior suggests a deepening crisis of confidence in current monetary policies.
The situation presents a stark reminder of the inherent intellectual bancruptcy of traditional Keynesian policy. As central bankers continue to navigate through familiar territory with conventional tools, markets are increasingly seeking alternative stores of value, with Bitcoin emerging as a notable hedge against ongoing monetary uncertainty.
This latest development exemplifies a broader pattern of ineffective monetary policies that have characterized the ECB's approach. The persistent reliance on interventionist strategies, despite their historical shortcomings, raises serious questions about the long-term sustainability of current economic frameworks in the Eurozone.
The European Union's growing interventionism and suffocating bureaucracy are proving to be a deadly combination for productivity growth. As the state sector continues to expand, it increasingly parasitizes the productive segments of the economy. This creates a dangerous death spiral where the ECB is forced to monetize escalating state debt by debasing the euro – a pattern that threatens to accelerate the currency's decline and further erode economic vitality.
#ECBfails #Eurozone #BitcoinSolution #Economy #CentralBank #Bitcoin #Inflation #EconomicFreedom #SoundMoney #HODL #FiatCurrency #DeathSpiral #Bureaucracy
German Savers Crush Global Competition: 10.4% Income Stashed in 2023 🚀
Germans continue stacking fiat, demonstrating remarkable financial discipline with a 10.4% savings rate in 2023. This puts them leagues ahead of other major economies like the US (4.7%), Japan (2.8%), and Italy (just 0.3%). Only Switzerland (19.4%) and the Netherlands (12.7%) showed stronger saving habits.
The trend is accelerating: H1 2024 shows Germans saving 11.1%, up 1.0% from last year. This comes after the covid savings boom of 2020-21, when rates jumped 6% higher than normal.
Low time preference winning despite high inflation? Based.
Compare:
- 🇨🇭 Switzerland: 19.4%
- 🇳🇱 Netherlands: 12.7%
- 🇩🇪 Germany: 10.4%
- 🇺🇸 USA: 4.7%
- 🇯🇵 Japan: 2.8%
- 🇮🇹 Italy: 0.3%
Sound money culture still strong despite everything. Unfortunately, Germans are not converting their savings into assets. Their naïve basic trust in state institutions ensures that they can save as much as they like, but are constantly losing out due to the inflation that has been initiated. Despite the creepy politics, the culture of saving for capital accumulation remains at its base. Amazing!
#savings #economics #bitcoin #finance #investing #ampel #ecb #inflation https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/fcea2ad703b0502704698a5d5ce2199da4d856137be95e2b6038922dc0d745dc.webp
This is hate speech and should actually be sanctioned by the EU. Germany has opened up its social security system to the world and now needs to do a bit more, work a bit more, integrate better and simply shut up!
#wef #germany #population exchange