OECD sees contraction in German economy for Q4 2011

[sasguru]

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



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/gener...ml#post1166862

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]

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.

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]

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

---

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

[DimPrawn]

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

---

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]

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]

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]

It's worth £40k at best now.

Should have bought gold instead.

HTH

The gold would be worth about £70K now.

[Paddy]

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

Germany is booming!

Was that 50k in repairs?

[AtW]

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]

Was that 50k in repairs?

3 year manufacturers warranty covers all repairs.