Posted on 10/08/2014 7:45:12 AM PDT by Olog-hai
German industrial production dropped at its fastest rate since 2009 in August, weighed down by falling manufacturing and construction output. The latest set of poor economic figures have prompted fears of a recession. […]
Manufacturing output fell by 4.8 percent and construction output was down by 2.0 percent while energy construction output edged up by 0.3 percent, the (economy) ministry calculated.
It blamed the fall in August on the summer break, saying production output was affected “by the late position of the summer holidays”.
(Excerpt) Read more at thelocal.de ...
Take away all worker holidays. Return to the seven day work week. Do away with overtime for work over 8 hours a day and completely eliminate the minimum wage.
If the workers have trouble with that, as a concession force employers to set up a company store so their workers will have somewhere to shop.
A simple comparison of month to month industrial output changes at this time for year over last few years should confirm the truth or falsehood of this statement.
In two months, all the lousy economies in the northern hemisphere can again be blamed on a cold winter.
... sixteen tons and what do you get? Another day older and deeper in debt ...
By that logic production in France drops to zero each August.
In the meantime, the lousy economies can be blamed on the leaves changing colors faster than expected, or something like that.
...I owe my soul to the company store.
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