[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 167 KB, 933x525, bewe.jpg [View same] [iqdb] [saucenao] [google]
55081985 No.55081985 [Reply] [Original]

Q4 and q1 were negative
Dax still reached a new ATH last week
Bobos lie when they say recession is bearish
https://www.reuters.com/markets/europe/germany-enters-recession-2023-05-25/

>> No.55082000

>>55081985
Germany is officially a shithole. You'd think this would be of more concern than a recession.

>> No.55082024

>>55082000
Checked yes of course but this is biz

>> No.55082039

>>55082024
Fair enough. How are cash markets in Germany? I understood that unlike Swe you guys still mostly use cash? This should help with local networks during a recession no?

>> No.55082050

>>55082039
More and more scum is using cards
Until the corona hoax cash was the most common now i think more people dont pay with cash in supermarkets
Generally of course 99% of stores accept it
Only cash is also still common
The government did bitcxh about cash use for years

>> No.55082069
File: 30 KB, 600x584, geaq.jpg [View same] [iqdb] [saucenao] [google]
55082069

>>55082039
>2017: 74% of transactions cash
>2021: 58%

>> No.55082093

>>55082050
Ye, I am locally sourcing all my food in cash. Helps with finding odd jobs too. Noone will take or pay in none-fiat of any type yet sadly.

So short eur? I was hoping for 1.2 eur/usd but we got this rally instead. Odd since US is leading the way with ir hikes.

>> No.55082152 [DELETED] 

>>55082093
Usa has massive import surplus
So has eu but usa has more

>> No.55082157

>>55082093
Usa has way too much impott surplus and countries slowed to buy worthless dollar bags

>> No.55082197

>>55082093
Short eur
Short eur discretionary (zalando, deliver hero, hugo boss etc)

Move away from this shit country. They will soon build a wall to have to prevent young people from fleeing this shit hole.

>> No.55082327

Do stocks just go up forever regardless of the economy now? How do they do it?

>> No.55082338

>>55082327
Money supply

>> No.55082355

>>55082327
Most DAX-listed companies produce and sell globally. They just shut down production in Germany and open it in US, China or Vietnam.
They still report their earnings in Germany, but its just a legacy thing. They're not really affected by what happens in Germany itself.

>> No.55082382

>>55082039
>local networks
Lol you're talking about one of the most atomized societies on the planet here

>> No.55082402

>>55082382
Not really in villages its the opposite of atomized

>> No.55082422

>>55081985
>The HCOB Flash Manufacturing PMI for Germany sank to 42.9 in May of 2023 from 44.5 in April, well below forecasts of 45, according to preliminary estimates. The reading pointed to the biggest drop in the manufacturing sector since May of 2020, as output moved back to contraction territory after marginal gains in the previous three months, led by a deepening decline in new orders. Customers were postponing or cancelling orders due to high stocks levels and uncertainty towards the outlook. Also, work-in-hand at manufacturers fell sharply and at the fastest pace since November, prompted by a sustained improvement in material availability. Meanwhile, employment rose the least in 27 months and factory gate price inflation edged close to stagnation as input costs continued to fall sharply. Finally, business confidence towards the outlook turned negative for the first time in five months.
https://tradingeconomics.com/germany/manufacturing-pmi
They've turned to finance and services...

>> No.55082430

I'm torn beween using cash and my crypto card. On one hand "cash" is debt slave money that I don't even want to touch because it's satanic, on the other hand my crypto card is something the government can cut me off from since it's not really a crypto ecosystem and it's kind of mark if the beast-ish. What do?

>> No.55082446

>>55081985
as a german, the only good thing we have going is tax free crypto after 1 year.
1 more bullrun amd I can leave this shit existance here behind me.

>> No.55082467

>>55082446
God speed

>> No.55082481

>>55082446
The 1 year thing will be gone by then.
Cash out now while we're crabbing (as long as you have 1 year on your investment), move to Dubai, and reinvest there.

>> No.55082761
File: 66 KB, 612x602, 1685006157270.png [View same] [iqdb] [saucenao] [google]
55082761

Wann glaubt ihr kommt Armin Meiwes frei?

>> No.55083030

>>55082481
Yeah only a matter of time, samenas they did it with stocks, Abgeltungsteuer will be gone too soon probably

>> No.55083099

.

>> No.55083105
File: 19 KB, 498x427, 1060340129.gif [View same] [iqdb] [saucenao] [google]
55083105

>Jewish owned Newspapers are attacking Germany again
They will never learn

>> No.55084020

>>55081985
It's transitory, just like inflation.

>> No.55084455

Better raise taxes to finance more Arabs and Blacks moving into our social security System. That's the only way, need more redistribution of wealth

>> No.55085524

Germany is kill
USA is kill
Who is next?

>> No.55086927

>>55082197
where to? give 1-2 examples with reasoning please.

>> No.55087414

>>55081985
Germany is fine we will be last ones standing once europes goes to complete shit.

>> No.55087436

essen mein scheise