Posted on 08/12/2014 12:59:21 PM PDT by Lorianne
Confidence in Germany is crumbling.
The ZEW investor confidence survey index plunged to 44.3 in August from 61.8 a month ago. This was much worse than the 54.0 expected by economists.
To make things worse, the expectations index crashed to 8.6 from 27.1. This was the lowest reading since December 2012. Economists were expecting 17.0.
"In one line: Grim, as slump in investor sentiment deepens," said Pantheon Economics' Claus Vistesen. "Given the recent sharp drawdown in equities, a drop in sentiment was expected, but the decline was larger than anticipated, reinforcing downside risk to the economy."
Some of this deterioration is likely due to the escalating conflict with Russia, which recently imposed a ban on food imports from the European Union.
"We expect the escalation of the Russian Ukrainian conflict as well as the persisting political turmoil in the Middle East to have a negative impact on the market environment," said Henkel CEO Kasper Rorsted earlier Tuesday. Based in Dusseldorf, Henkel supplies the world with a variety of consumer goods ranging from laundry detergent to toothpaste.
The economic data out of Germany has been astonishingly bad this month, highlighted by sharp drops in industrial production and factory orders.
(Excerpt) Read more at businessinsider.com ...
How is Switzerland doing?
Maybe they should not have given so much money to Greece.
But hey, they’ve got the World Cup!
Germany will do a deal with Russia.
Lwow to Poland, Königsberg to Germany, new DM to Novarossiya.
Just you wait.
Lviv is historically aligned with Austria as it used to be part of AustroHungary. The Germans are in no bargaining position on anything because they can just barely power their infrastructure...their going to seriously regret going full nutter for wind power...just you wait!
They lent it to Greece so they could sell their products to the Greeks and keep their export-based economy going. I bit like a company taking a loss on each item, but making it up by higher volume. Or lifting yourself by pulling on your bootstraps.
I know of Konigsberg & Lwow, but where’s New DM?
This simply cannot be...
How will the Greeks, the Spanish, and the Italians get their welfare checks, if the Germans don’t pay for it?
New DM=German money after the Euro is killed off.
There was some speculation about Hungary getting some real estate where ethnic Hungarians live. It just makes sense to split Ukraine along ethnic lines.
This has been going on FOREVER. My maternal granmothers family came to the US permanently from Lvov in about 1905. They were ethnic Russian Orthodox. It's about time someone drew sensible boundaries there.
Let’s remember that anyone - you, me, your neighbor, the guy who cuts your lawn - can write for Business Insider.
Writers are paid by hits on their articles. The more sensationalist the article, the more they get paid.
Carry on FReepers.
Well put. And whomever is paying off the writers get what they pay for.
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