tag:blogger.com,1999:blog-1469531130099587588.post4920283037570071848..comments2023-06-05T16:26:27.079+02:00Comments on Miscellaneous economic ramblings: Down and out for the long term in Germany?Thomashttp://www.blogger.com/profile/05980127611042973278noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1469531130099587588.post-39266397356979053942009-06-09T18:25:54.921+02:002009-06-09T18:25:54.921+02:00Latest German export figures are not exactly encou...Latest German export figures are not exactly encouraging (see new post). However, that's talking about things that have already happened. <br /><br />According to Münchau, it will get even worse going forward. At least that's how I interpret him.Thomashttps://www.blogger.com/profile/05980127611042973278noreply@blogger.comtag:blogger.com,1999:blog-1469531130099587588.post-19497674175480955322009-06-08T23:42:41.442+02:002009-06-08T23:42:41.442+02:00Perhaps just another example of German Angst?
I...Perhaps just another example of German Angst?<br />I'm glad whilst we could lose more than others ...FFriendnoreply@blogger.comtag:blogger.com,1999:blog-1469531130099587588.post-46560564127000746662009-06-08T23:16:45.999+02:002009-06-08T23:16:45.999+02:00@FFriend
Yes, I expect that all of us have to red...@FFriend<br /><br />Yes, I expect that all of us have to reduce their life quality a bit. But I don't understand why Germany should be hit more than other countries. Premium products will get hurt more than the rest, but then again production machinery might not, as long it enables cost cutting. I think it's pretty hard to make a call here. So, Munchau may be right or dead wrong.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1469531130099587588.post-19450551747346171902009-06-08T22:58:59.127+02:002009-06-08T22:58:59.127+02:00Isn't it simply the case that some european ne...Isn't it simply the case that some european neighbors can not affort their former consumption level anyway? Especially the more higher value products (e.g. the premium cars) from Germany? Let's think about the situation of Greece, Italy, Ireland ...FFriendnoreply@blogger.comtag:blogger.com,1999:blog-1469531130099587588.post-57487399055346788672009-06-08T21:15:08.434+02:002009-06-08T21:15:08.434+02:00He mentions the Eurozone argument and deals with i...He mentions the Eurozone argument and deals with it by saying that there are Eurozone imbalances too and as they come down, so will Germany's unsustainable intra-eurozone surplus. <br /><br />He doesn't really explain why he thinks that they will come down. Would have to be either due to lower demand in the Eurozone countries compared to Germany (which is possible, but doesn't square with his argument that Germany will do worse than everybodey else), or to higher mid-term competitiveness in those countries, i.e. significant deflation compared to Germany.Thomashttps://www.blogger.com/profile/05980127611042973278noreply@blogger.comtag:blogger.com,1999:blog-1469531130099587588.post-21081185351965186592009-06-08T21:10:22.139+02:002009-06-08T21:10:22.139+02:00I fail to follow Munchau, too. After all most of G...I fail to follow Munchau, too. After all most of Germany's exports are within the eurozone and are not directly effected by exchange rate changes.Anonymousnoreply@blogger.com