Live data from Hacker News

Germany sees company bankruptcies soar

dw.com

11–20 of 83 posts

Re: Germany sees company bankruptcies soar

#11

The question is, are these companies the one that still work by fax and think the internet is a fad?

Nah. I suspect that rising regulation and energy/manufacturing prices cause a big sweep. The real estate market is getting fucked pretty bad right now, as well as everything relying on lots of energy. Simply put: the runway ran out for a lot of folks and new regulations bite into their margins like a fire in a papermill

Re: Germany sees company bankruptcies soar

#12
post #4

The question is, are these companies the one that still work by fax and think the internet is a fad?

That's 80+% of the companies here, so I doubt it really is the relevant factor.

I think it's only really 80% of the companies that deal with anything having to do with money.

Re: Germany sees company bankruptcies soar

#13
post #5

Earlier quoted context omitted.

Yeah, at the same time: https://www.manager-magazin.de/unternehmen/volkswagen-chef-d... "Germany much better than the picture painted" https://www.deutschlandfunk.de/arbeitslosenquote-im-euroraum... "Unemployed rate at its lowest in the EU" Similarly, in the US: https://www.theguardian.com/us-news/article/2024/may/22/poll... "Majority of Americans wrongly believe US is in recession" We wouldn't be where we are with r…

you think people that "incorrectly believe the US is in recession" go by doomsday news? they look at their pocket when buying groceries, they looked at the glorious effects of bidenomics on their own life, and how it has been made that much harder, and form their opinions. When the talking heads on TV bask in how great the economy is, they speak from a position where their insider-trading fueled gains are so far away…

The point was about Germany where the pet theory of failing bidenomics simply does not apply. Recession or not, call it as you want but the prices for the regular guy did increase a lot lately.

Re: Germany sees company bankruptcies soar

#14
post #7
post #5

Earlier quoted context omitted.

you think people that "incorrectly believe the US is in recession" go by doomsday news? they look at their pocket when buying groceries, they looked at the glorious effects of bidenomics on their own life, and how it has been made that much harder, and form their opinions. When the talking heads on TV bask in how great the economy is, they speak from a position where their insider-trading fueled gains are so far away…

I am not American, and I don't know all the finer details, but weren't a lot of the inflation issues post covid a direct result of Trump's unrestrained borrowing even in a growth economy, all in the name of keeping the stock markets growing as your primary indicator of economic success a big factor? Certainly looking at the UK economy, I can trace back the source of our current problems well beyond the current electi…

No, this has nothing to do with Trump.

The USA has been in “unrestrained borrowing” because it’s been funding itself with continuing resolutions rather than a budget since 2009. That means that the extra trillion dollars in 2009 “temporary” stimulus has been added to the debt every year since on top of the prior trajectory. This is easily seen if you look at the relevant graphs on FRED.

That said, government borrowing or money creation doesn’t directly cause inflation either. Sad to say, the inflation we’re seeing appears to be as much on the production and importing side as it is on the demand side.

Re: Germany sees company bankruptcies soar

#15
post #6

The article focuses only on the near time statistics and is missing out the long term statistics as well as effects of the COVID19 pandemic. The effects of the COVID19 pandemic were that the bankruptcies law was temporarily changed, which had the effect that companies that were already on a way to bankruptcy could live longer. That is also the reason why in 2020 the numbers were at a low point for almost 20 years. Th…

Financial journalism that reports a single data point, out of context, without even a historical chart, are a pet peeve of mine.

Even worse if they spin a complicated narrative based on this single data point that isn't supported by the broader context.

Re: Germany sees company bankruptcies soar

#16
post #5

Earlier quoted context omitted.

Yeah, at the same time: https://www.manager-magazin.de/unternehmen/volkswagen-chef-d... "Germany much better than the picture painted" https://www.deutschlandfunk.de/arbeitslosenquote-im-euroraum... "Unemployed rate at its lowest in the EU" Similarly, in the US: https://www.theguardian.com/us-news/article/2024/may/22/poll... "Majority of Americans wrongly believe US is in recession" We wouldn't be where we are with r…

you think people that "incorrectly believe the US is in recession" go by doomsday news? they look at their pocket when buying groceries, they looked at the glorious effects of bidenomics on their own life, and how it has been made that much harder, and form their opinions. When the talking heads on TV bask in how great the economy is, they speak from a position where their insider-trading fueled gains are so far away…

I agree to some extend, economists measure how well the richest oligarchs are doing, never how much normal people are struggling. But to single out Biden suggests to me that delusion that Trump would somehow do better or is somehow less out of touch?

Re: Germany sees company bankruptcies soar

#17

The question is, are these companies the one that still work by fax and think the internet is a fad?

Yeah, at the same time: https://www.manager-magazin.de/unternehmen/volkswagen-chef-d... "Germany much better than the picture painted" https://www.deutschlandfunk.de/arbeitslosenquote-im-euroraum... "Unemployed rate at its lowest in the EU" Similarly, in the US: https://www.theguardian.com/us-news/article/2024/may/22/poll... "Majority of Americans wrongly believe US is in recession" We wouldn't be where we are with r…

is there any reason why this post is voted down?

Re: Germany sees company bankruptcies soar

#18

The question is, are these companies the one that still work by fax and think the internet is a fad?

Nah. I suspect that rising regulation and energy/manufacturing prices cause a big sweep. The real estate market is getting fucked pretty bad right now, as well as everything relying on lots of energy. Simply put: the runway ran out for a lot of folks and new regulations bite into their margins like a fire in a papermill

Not to forget the rates. Euribor went from negative to positive in 2022... This alone had effect on some delay.

Re: Germany sees company bankruptcies soar

#20
post #17

Earlier quoted context omitted.

Yeah, at the same time: https://www.manager-magazin.de/unternehmen/volkswagen-chef-d... "Germany much better than the picture painted" https://www.deutschlandfunk.de/arbeitslosenquote-im-euroraum... "Unemployed rate at its lowest in the EU" Similarly, in the US: https://www.theguardian.com/us-news/article/2024/may/22/poll... "Majority of Americans wrongly believe US is in recession" We wouldn't be where we are with r…

is there any reason why this post is voted down?

because of the 'panic pessimistic breaking news everywhere', I guess. Somehow people want to believe that it's all really THAT bad and not that we are managing those hard times quite okay-ish
Post reply on HN