Reply to: Red flags emerge as Americans' debt load hits another record

[WTFH]

So car sales are down in the UK (as they are in Germany and many other places).

Let's see shall we what the cause is in the UK:

Car sales see biggest fall since financial crisis - BBC News

Good old BBC-hater, let's deliberately take part of a sentence out of context.

What does it actually say?

The SMMT blamed last year's fall in cars sales - the second consecutive year that the market has declined - on uncertainty over Brexit and a shortage in supply of some vehicles due to a new emissions testing scheme.

Who blamed Brexit? Was it the BBC, as Wailers would have us believe, or was it the SMMT?

[DimPrawn]

Nope, the BBC reports that the companies who are pulling out of manufacturing in the UK are doing so because of it. They are not saying that it is responsible for the slow down in sales of cars, unless they are quoting car makers (or the SMMT) who say that.

New car sales plunge 20% in September - BBC News
Car sales see biggest fall since financial crisis - BBC News
Brexit: Car investment halves as industry hits 'red alert' - BBC News

But don't let the truth get in the way of your opinion.

So car sales are down in the UK (as they are in Germany and many other places).

Let's see shall we what the cause is in the UK:

Car sales see biggest fall since financial crisis - BBC News

the second consecutive year that the market has declined - on uncertainty over Brexit

[WTFH]

Inneresting that the BBC says the UK slowdown in the car sector is due to B r e x i t ...

Nope, the BBC reports that the companies who are pulling out of manufacturing in the UK are doing so because of it. They are not saying that it is responsible for the slow down in sales of cars, unless they are quoting car makers (or the SMMT) who say that.

New car sales plunge 20% in September - BBC News
Car sales see biggest fall since financial crisis - BBC News
Brexit: Car investment halves as industry hits 'red alert' - BBC News

But don't let the truth get in the way of your opinion.

[minestrone]

People who dont understand Economics think surpluses are a sign of a healthy economy.

Successful economies can run deficits indefinitely. As long as your economy is growing internally and you are creating enough new money then there is no issue.

Christ, half of you think running a 12 invoice a year company makes you an economist.

[DimPrawn]

As I've often said, a government flush with cash, even with the most benevolent will in the World, is a tyranny in the making. ..

2019-02-08 World’s biggest intelligence headquarters opens in Berlin

Sausage eating Swine!

Anyhow, this is what the BBC has to say.

German economy narrowly avoids recession - BBC News

Germany's economy just about avoided falling into recession during the final three months of last year.

Europe's largest economy registered zero growth during the fourth quarter of 2018, the country's Federal Statistics Office said.

That means it avoided two consecutive quarters of contraction, which is the usual definition of a recession.

A weak trade performance dragged on the economy, and consumer spending remained subdued.

The zero growth recorded in the October-to-December period followed a 0.2% contraction in the previous quarter.

Reasons for slower growth last year include a slowdown in the global economy and a weaker car sector, with German consumers less willing to buy new cars amid confusion over new emission standards.

Inneresting that the BBC says the UK slowdown in the car sector is due to B r e x i t ...

[OwlHoot]

A booming economy and rising debt levels is a very bad sign.

Germany receives EUR 10 billion more in taxes than it spends

As I've often said, a government flush with cash, even with the most benevolent will in the World, is a tyranny in the making. ..

2019-02-08 World’s biggest intelligence headquarters opens in Berlin

New home for Germany’s Federal Intelligence Service took 12 years and €1bn to build

[scooterscot]

That wasn't supposed to be a tunnel though, they were looking for the gold.

Even if they're no looking Germany still has more gold than the UK. Not looking good for the UK if the world economy returns to the gold standard.

[Old Greg]

You brexiters are ******* hilarious.

UK 40+ Billion annual budget deficit. Germany 10 billion budget surplus.

Your conclusion ? They're in the tulip

What a spunktrumpet.

WGAS about budget deficits. I bet if you looked at balance of trade figures, it would be a very different story.

[PhiltheGreek]

Couldn't agree more. And that's only the canton of Berlin. Here in my local town in Bavaria a new tunnel is being built. Capital was raised with donations from the townsfolk and a 40% stake from the government!! €22 million over 3 or 4 years I kid you not from the locals.

That wasn't supposed to be a tunnel though, they were looking for the gold.

[scooterscot]

What a spunktrumpet.

Kipper cock-splat would seem more appropriate.

[scooterscot]

You brexiters are ******* hilarious.

UK 40+ Billion annual budget deficit. Germany 10 billion budget surplus.

Your conclusion ? They're in the tulip

What a spunktrumpet.

Couldn't agree more. And that's only the canton of Berlin. Here in my local town in Bavaria a new tunnel is being built. Capital was raised with donations from the townsfolk and a 40% stake from the government!! €22 million over 3 or 4 years I kid you not from the locals.

Imagine a town in the UK being asked to donate to local infrastructure projects, it just no past go.

[scooterscot]

It's going to need that money to prop up the rest of the EU.

They've been saying that since 2007. Never gets old.

[TestMangler]

German recession looming.

You brexiters are ******* hilarious.

UK 40+ Billion annual budget deficit. Germany 10 billion budget surplus.

Your conclusion ? They're in the tulip

What a spunktrumpet.

[BlasterBates]

German recession looming.

Not really

German Economy Narrowly Avoids Recession In Q4 | Markets Insider

Economic fundamentals remain solid and from here on, chances of a (gradual) rebound are still much higher than chances of yet another disappointment.

[woohoo]

A booming economy and rising debt levels is a very bad sign.

Germany receives EUR 10 billion more in taxes than it spends

German recession looming.