PDA

View Full Version : OECD sees contraction in German economy for Q4 2011



sasguru
8th September 2011, 14:07
BBC News - OECD warns that global economy is slowing (http://www.bbc.co.uk/news/business-14835950)

Well that's the problem when you rely on exports and have underdeveloped consumption domestically.
As I said before, when everybody's poor no one buys your stuff.

Doggy Styles
8th September 2011, 14:11
Is this another attempt at world domination kyboshed?

doodab
8th September 2011, 14:22
BBC News - OECD warns that global economy is slowing (http://www.bbc.co.uk/news/business-14835950)

Well that's the problem when you rely on exports and have underdeveloped consumption domestically.
As I said before, when everybody's poor no one buys your stuff.

Much better to rely on make believe and faerie magick.

sasguru
8th September 2011, 14:26
Much better to rely on make believe and faerie magick.

No better to rely on Pharms and Arms.
Humans must have drugs and wars but can do with an older car.

HTH

doodab
8th September 2011, 14:31
No better to rely on Pharms and Arms.
Humans must have drugs and wars but can do with an older car.

HTH

The Germans export twice as much weaponry as the UK. Bayer are quite big as well.

AtW
8th September 2011, 15:00
No better to rely on Pharms and Arms.

I think it's better to rely on brains.

HTH

shaunbhoy
8th September 2011, 15:06
I think it's better to rely on brains.

HTH

Change in tack for you alexei. Have you bumped your head?

:laugh

doodab
8th September 2011, 15:17
I think it's better to rely on brains.

HTH

Thanks for the tip.

sasguru
8th September 2011, 15:40
The Germans export twice as much weaponry as the UK. Bayer are quite big as well.

Are you saying they've twice as much make believe and faerie magick?

Incognito
8th September 2011, 15:44
BBC News - OECD warns that global economy is slowing (http://www.bbc.co.uk/news/business-14835950)

Well that's the problem when you rely on exports and have underdeveloped consumption domestically.
As I said before, when everybody's poor no one buys your stuff.

Yes Sas that's right, you've been saying that all along.

:rolleyes:

Now if only you'd started coming out with that a year ago rather than waiting until some piece caught your eye in whatever rag you read you wouldn't have been saying things like:


Yes, so the jealous and parochial British press would have us believe.
One of the ironies of the current crisis was the Economist urging Germany to be more like Britain :laugh:laugh:laugh
The Germans on the other hand realise that they can compete on quality and the brand "made in Germany" still counts for something, so rather than destroying their manufacturing, they're simply striving,successfully, for the top end.
http://forums.contractoruk.com/general/57617-proud-british-finally-3.html#post1166862

:cool:

sasguru
8th September 2011, 15:58
Yes Sas that's right, you've been saying that all along.

:rolleyes:

Now if only you'd started coming out with that a year ago rather than waiting until some piece caught your eye in whatever rag you read you wouldn't have been saying things like:


http://forums.contractoruk.com/general/57617-proud-british-finally-3.html#post1166862

:cool:

The two comments are not contradictory. High end stuff will prosper whatever, mid range stuff won't.
So VW will suffer more than Mercedes.

AtW
8th September 2011, 18:46
Well that's the problem when you rely on exports and have underdeveloped consumption domestically. As I said before, when everybody's poor no one buys your stuff.

BS post of the year for sure. :laugh

3rd world countries that sell commodities rake in cash at levels unseen in the past, and this money get spread thinner so more people can afford there quality stuff that Germany makes.

And what cretin claims that Germans don't spend money on quality stuff they make? They are certainly growing thanks to global demand, but even if that falls they will always have good markets to sell because people outside of UK are too poor to buy tulip quality stuff.

AtW
8th September 2011, 18:51
FRANKFURT (Dow Jones)--Global sales at Volkswagen AG's (VOW.XE) Audi premium brand rose 17% on the year in August to 94,100 cars due to growing demand in the company's biggest sales markets, Audi said Thursday.

MAIN FACTS:

-Audi January-to-August global car sales also rose 17% on the year, to 853,000 cars.

-Audi's Europe sales increased 14% on the year to 44,200 cars, and January-to-August Europe sales were up 13% at 484,800.

-Audi August sales in Germany rose 20% on the year "thanks to growing list of corporate customers" to 18,506 cars.

-Audi August China sales increased 26% on the year to 28,068 cars.

-Audi August Russia sales jumped 36% on the year to 2,010 cars.

-Audi August sales in the U.K. rose 25% on the year to 3,613 cars.

-Audi August sales in France fell 4.5% on the year to 3,258 cars.

-Audi August sales in Italy dropped 11% on the year to 2,506 cars.

Source: Germany's Audi: Global Car Sales Increased 17% On Yr In August - WSJ.com (http://online.wsj.com/article/BT-CO-20110908-703326.html)

---

Only China bought more Audis than Germany, another big exporter of goods in demand. Got it?

DimPrawn
8th September 2011, 19:08
FRANKFURT (Dow Jones)--Global sales at Volkswagen AG's (VOW.XE) Audi premium brand rose 17% on the year in August to 94,100 cars due to growing demand in the company's biggest sales markets, Audi said Thursday.

MAIN FACTS:

-Audi January-to-August global car sales also rose 17% on the year, to 853,000 cars.

-Audi's Europe sales increased 14% on the year to 44,200 cars, and January-to-August Europe sales were up 13% at 484,800.

-Audi August sales in Germany rose 20% on the year "thanks to growing list of corporate customers" to 18,506 cars.

-Audi August China sales increased 26% on the year to 28,068 cars.

-Audi August Russia sales jumped 36% on the year to 2,010 cars.

-Audi August sales in the U.K. rose 25% on the year to 3,613 cars.

-Audi August sales in France fell 4.5% on the year to 3,258 cars.

-Audi August sales in Italy dropped 11% on the year to 2,506 cars.

Source: Germany's Audi: Global Car Sales Increased 17% On Yr In August - WSJ.com (http://online.wsj.com/article/BT-CO-20110908-703326.html)

---

Only China bought more Audis than Germany, another big exporter of goods in demand. Got it?

I spent £50K on an A5 convertible only six months or so ago.

Germany is booming!

AtW
8th September 2011, 19:10
I spent £50K on an A5 convertible only six months or so ago.

It's worth £40k at best now.

Should have bought gold instead.

HTH

DimPrawn
8th September 2011, 19:14
It's worth £40k at best now.

Should have bought gold instead.

HTH

How much is the food you bought last year worth now, or the heating in the bedsit you paid for last winter?

PS.

I did buy lots of gold at low prices and sold it at high prices, hence blowing £50K on a car was just some noise in my bank account.

TimberWolf
8th September 2011, 19:16
It's worth £40k at best now.

Should have bought gold instead.

HTH

The gold would be worth about £70K now.

Paddy
8th September 2011, 19:16
I spent £50K on an A5 convertible only six months or so ago.

Germany is booming!

Was that 50k in repairs?

AtW
8th September 2011, 19:18
How much is the food you bought last year worth now, or the heating in the bedsit you paid for last winter?

Some ****er at Morrisons scratched my PUG 307, pretty hard.

I felt relaxed and please I do not drive an expensive car!

Buying an APC as soon as I can afford it.

DimPrawn
8th September 2011, 19:23
Was that 50k in repairs?

3 year manufacturers warranty covers all repairs.

AtW
8th September 2011, 19:24
3 year manufacturers warranty covers all repairs.

That's nice.

Do you still park on the street?

sasguru
8th September 2011, 19:30
BS post of the year for sure. :laugh

.

Germany's economy resembles Japan's the most: high exports, low domestic personal consumption, impending demographic time-bomb.

Morons like you cannot see beyond the present.

Funny as it may seem, the UK's economy has more long term potential, provided certain changes are made.
HTH

sasguru
8th September 2011, 19:31
That's nice.

Do you still park on the street?

No in the fantasy he has a 50 car garage.
But in reaility, Kia's 7 year warranty paid for the repairs.

AtW
8th September 2011, 19:35
Germany's economy resembles Japan's the most: high exports, low domestic personal consumption, impending demographic time-bomb.

The whole of the West has got demographic time bomb, that's not news.

The stats from Audi clearly show Germany sells loads of them in Germany.