Germans not so rich

[scooterscot]

Top comment says it all really -

In the case of the UK (and US) consumption is not a sign of strength but weakness.

The current level of consumption is only possible with vast and wholly unsustainable trade and government deficits, and ultra low interest rates, and very high levels of personal debt, and very over valued house prices, and over valued currencies relative to the likes of China.

In short the UK is a bubble economy and its present level of consumption a mirage.

In Germany the level of personal consumption is wholly sustainable.

[original PM]

hmmm you know I think no one has an idea and these people just make it up as they go along.

[darmstadt]

Phew, got out just in time then!

Got a phone call for a project in Gütersloh at a place beginning with 'B' today, nuff said....

[darmstadt]

hmmm you know I think no one has an idea and these people just make it up as they go along.

WHS +1

[darmstadt]

Maybe we could look at it a different way: Are Germans really poorer than Spaniards, Italians and Greeks? | vox. Its amazing what you can do with figures

[AtW]

Once the Euro breaks up the figures will look very different. Nothing to happen until after German elections in September - but 2014 looks like it might be a fun year. Hopefully soon Italy will pull the plug on the whole rotten scheme and then those who backed the Euro will be sent to Nuremburg for judgement.

If euro actually collapses then the fair trial followed by swift execution will be held in Shanghai

[scooterscot]

If euro actually collapses then the fair trial followed by swift execution will be held in Shanghai

I'd actually put money on a pancake collapsing under it's own weight before the euro.

[suityou01]

Got a phone call for a project in Gütersloh at a place beginning with 'B' today, nuff said....

WGAS? The place I was working began with A, and I already met my replacement.

[sasguru]

It's a little silly to compare to the "UK" with Germany.
There are actually three "countries" or economic entities to compare: (1) the services powerhouse and global city of Greater London with the highest per capita GDP in Europe, (2) Germany and (3) a depressed region we may call ScotNorthland, unproductive and dominated by the public sector.
I am pleased I live in what other countries in Europe will aspire to be in 30 years, the global services entrepot of London, to coin a phrase, when Germany is a husk of its former self, having suffered a life-changing demographic shift, that will see 10 working people for every 9 pensioners by 2030.

[suityou01]

It's a little silly to compare to the "UK" with Germany.
There are actually three "countries" or economic entities to compare: (1) the services powerhouse and global city of Greater London with the highest per capita GDP in Europe, (2) Germany and (3) a depressed region we may call ScotNorthland, unproductive and dominated by the public sector.
I am pleased I live in what other countries in Europe will aspire to be in 30 years, the global services entrepot of London, to coin a phrase, when Germany is a husk of its former self, having suffered a life-changing demographic shift, that will see 10 working people for every 9 pensioners by 2030.

So you're saying we're no longer fooked?