Germany

Competence starts to replace charisma as a key factor in politics as the pandemic continues

The appalling tragedy in India reminds us that the Covid pandemic is very far from being solved. And more generally, the latest Ipsos ‘What worries the world’ global poll shows high levels of concern over unemployment, inequality, corruption and crime. Unsurprisingly, almost 2/3rds of people think their country is heading on the wrong track. One

The post German and French elections will mark new era for EU leadership appeared first on Chemicals and the Economy.

Competence starts to replace charisma as a key factor in politics as the pandemic continues Read More

G7 Summit shows leaders are forgetting the lesson of the 1930s

G7 Summits began in the crisis years of the mid-1970s, bringing Western leaders together to tackle the big issues of the day – oil price crises, the Cold War with the Soviet Union and many others.  Then, as stability returned in the 1980s with the BabyBoomer-led economic SuperCycle, they became forward-looking.  The agenda moved to […]

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Global stock markets still depend on low-cost money for support

The blog’s 6-monthly review of global stock markets highlights the narrow nature of the advance since September 2008, when the blog first began analysing developments.  It shows their performance since the pre-Crisis peak for each market, and the performance of the US 30-year Treasury bond. Remarkably, only the US, India, Germany and the UK stock markets […]

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Lanxess CEO departs as auto markets enter the New Normal

The blog, like most people, doesn’t like change.  Change creates uncertainty, and makes us all nervous.  Therefore in recent years, it has secretly hoped that its forecasts about the inevitability of the subprime crisis, and the arrival of the New Normal, would prove wrong.  Life would be so much easier if everything could simply continue as it […]

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German New Olders have cash to spend, but few companies bother with their needs

Germany is the world’s 4th largest economy ($3.4tn), and so is the next to be studied in the blog’s series on the impact of demographics.  Its population is almost as old as Japan’s: Germany’s median age is 45.7 years, compared with Japan at 45.8 years.  The reason is shown in the chart above: German women have […]

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“Disaster is still some way off” for Cyprus, as Germany prepares to vote

Back in April, the blog suggested that capital controls might remain for rather longer in Cyprus than the “few days or weeks” suggested by the central bank.  And a month later, the bank was still unrealistically claiming they would be lifted “as soon as possible”. Today, the blog’s own view that they could be in place “for […]

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EU auto sales fall again

April was another bad month for EU auto sales.

As the chart shows, based on ACEA data, sales were down 7% in April (red square) and down 8% versus 2011 (green line) in January – April.

The only bright spot remains Germany, were sales were up 2% in t…

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