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German exports plunge

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    German exports plunge

    http://www.straitstimes.com/Breaking...ry_323551.html

    "Mr Kraemer said the collapse in exports underpinned his bank's forecast that German output would decline by a record 2.0 per cent in the fourth quarter of 2008 from the previous three-month period. "

    A 2% fall in the quarter. This is worse than the UK.
    It turns out that an over reliance on exports is not a clever strategy when the gloabalised economy contracts at the same time.
    Last edited by sasguru; 9 January 2009, 10:43.
    Hard Brexit now!
    #prayfornodeal

    #2
    Aye

    Again I predicted this back in early December.

    Any comments AtW ?

    We're all ears ....

    Comment


      #3
      Oh well, as long as this is not a precursor to them exporting their tanks back into France!!
      “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

      Comment


        #4
        Originally posted by sasguru View Post
        http://www.straitstimes.com/Breaking...ry_323551.html

        "Mr Kraemer said the collapse in exports underpinned his bank's forecast that German output would decline by a record 2.0 per cent in the fourth quarter of 2008 from the previous three-month period. "

        A 2% fall in the quarter. This is worse than the UK.
        It turns out that an over reliance on exports is not a clever strategy when the gloabalised economy contracts at the same time.
        Thank god we have the City and don't rely on making things! Boomed!

        Comment


          #5
          Originally posted by shaunbhoy View Post
          Oh well, as long as this is not a precursor to them exporting their tanks back into France!!
          That got us out of the last depression. And the Germans are out of practice. We should be able to take them comfortably this time round.
          Hard Brexit now!
          #prayfornodeal

          Comment


            #6
            Originally posted by sasguru View Post
            That got us out of the last depression. And the Germans are out of practice. We should be able to take them comfortably this time round.
            Why not join forces with them and invade Russia? It's not as if ze Germans are our enemies anymore.
            And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

            Comment


              #7
              Originally posted by DimPrawn View Post
              Thank god we have the City and don't rely on making things! Boomed!
              Not to mention our record breaking population growth and our reliance on the rest of world. What could possibly go wrong?

              Comment


                #8
                Originally posted by Mich the Tester View Post
                Why not join forces with them and invade Russia? It's not as if ze Germans are our enemies anymore.
                Its not fun unless the Germans are the enemy.

                "Ve haf vays of making you talk" doesn't sound so nice in Russian.
                Hard Brexit now!
                #prayfornodeal

                Comment


                  #9
                  Seriously though, if the Germans are this fooked, the PIIGS won't have anyone to pull them through. Watch the riots and civil unrest spread from Greece to the other weak economies as time goes on ...
                  Whereas if things get really bad here, I suspect the old Blitz spirit will be alive and well.
                  Hard Brexit now!
                  #prayfornodeal

                  Comment


                    #10
                    Still making Stukas are they?
                    If you find this post offensive, please insert "Chan" before and "tho" after, then it should be OK.

                    Sometimes I almost feel just like a human being - Elvis Costello

                    Comment

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