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Germany Falls into Recession

cnn.com

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Re: Germany Falls into Recession

#81

Post by bryanlarsen »

seydor wrote: post #77
modernpink wrote: post #65

China is outcompeting Germany as a manufacturer of high value goods, particularly cars [1][2]. Last year it overtook Germany as the second biggest car exporter. In the first three months of this year, China has surpassed Japan to become the world's top car exporter for the first time. This is due to its strength in EVs (while Germany's strength is in ICEs). Volkswagen holds a 2% share of the Chinese EV market while t…

who can realistically challenge the chinese EV market in terms of efficiency / cost? simplicity of EV motors + established industry + possible commodity imports from russia

Tesla has a 10% market share in China.

Re: Germany Falls into Recession

#82

Post by jonp888 »

ThorsBane wrote: post #39

They shouldn't be shutting down nuclear. Build more nuclear reactors. That will provide more clean energy and a lot of jobs. Modernize the grid. Make it a smarter grid that is more resilient to harm. These projects pay for themselves quickly and are easy to finance with how much wealth Germany has.

What is about HackerNews and the obesession with the decision to remove Nuclear Power, which was only a minority component at it's peak, from the German energy mix, as somehow being the dominant factor in the entire German society and economy?

A while back someone unironically described Germany's nuclear power policy as "the single most catastrophic decision ever made by any government in peacetime".

Re: Germany Falls into Recession

#83

Post by slater »

0zemp2c wrote: post #33
edgyquant wrote: post #23

Earlier quoted context omitted.

The US is not getting poorer nor is inflation still out of control

> The US is not getting poorer then why am I being asked to bail out a generation's college loans? then why is food bank use at an all time high? then why are more six-figure earners reporting to be living paycheck-to-paycheck? then why is personal credit card debt at an all time high?

> then why am I being asked to bail out a generation's college loans

because the previous generations fucked it up and pulled the ladders up behind them.

Re: Germany Falls into Recession

#84

Post by c00lio »

sottol wrote: post #52
ChuckNorris89 wrote: post #21

Earlier quoted context omitted.

>That's why we have this massive inflation. No real value is created, yet everybody is flush with the money. Indeed. Most of EU's economic growth since the 2008 crash was just printing money and propping up assets. A bunch of wealthy boomers buying expensive houses from one another does not mean actual economic prosperity. We just printed our way into prosperity but Covid supply chain disruptions, the energy shortage…

What's the alternative? Brexit for everyone?

Maybe not outright exiting the EU. But maybe exiting the Eurozone and removing some other problematic economic straightjackets like overly large tax-financed subsidies.

Re: Germany Falls into Recession

#85

Post by Clubber »

nkozyra wrote: post #61
runsWphotons wrote: post #46

Earlier quoted context omitted.

They are normal basically everywhere but USA I think.

They were normal for a long time in the US, took a backseat from 2009-2014 or so and are back again. I'm really shocked whenever I hear someone has an ARM again. 2008 wasn't that long ago!

2000 wasn't that long ago either, but I still see people using 2 digit years.

Re: Germany Falls into Recession

#86

Post by pulse7 »

modernpink wrote: post #65

China is outcompeting Germany as a manufacturer of high value goods, particularly cars [1][2]. Last year it overtook Germany as the second biggest car exporter. In the first three months of this year, China has surpassed Japan to become the world's top car exporter for the first time. This is due to its strength in EVs (while Germany's strength is in ICEs). Volkswagen holds a 2% share of the Chinese EV market while t…

...and all this happened because German car makes were willing to give COMPLETE KNOW-HOW (on how to make good cars) just to be able to sell in Chinese market... Now China has learned how to make good (enough) cars and - they will out-compete Germans with low prices... Who wants to pay 60.000€ for an electric car in you can get one for 30.000€ from China?

Re: Germany Falls into Recession

#87

Post by foxtacles »

mschild wrote: post #79
barbazoo wrote: post #70

Earlier quoted context omitted.

There's no way that's gonna happen unfortunately. The greens have absolutely dropped the ball in terms of big picture goals. We've been brainwashed into thinking nuclear power is dangerous and the problem of waste is bigger than the problem of having non renewable, oil based, energy. In hindsight I wouldn't be surprised if the oil lobby had a hand in that.

The greens haven't been part of the national government for decades until 2021. I disagree with their decision to not keep the nuclear reactors running, but if you want to point fingers at people it's not them that unilaterally decided to stop building new reactors.

That's technically correct, however much of the Greens' ideology has been gradually adopted by essentially all other political parties over the past 10-15 years, most likely since it's rather popular with the voters here.

There's no political party left you could vote for if you are in favor of nuclear.

Re: Germany Falls into Recession

#88

Post by bryanlarsen »

toddmorey wrote: post #78
modernpink wrote: post #65

China is outcompeting Germany as a manufacturer of high value goods, particularly cars [1][2]. Last year it overtook Germany as the second biggest car exporter. In the first three months of this year, China has surpassed Japan to become the world's top car exporter for the first time. This is due to its strength in EVs (while Germany's strength is in ICEs). Volkswagen holds a 2% share of the Chinese EV market while t…

Agreed that Europe & US manufacturers will lose Chinese domestic market. Any data to show Chinese EVs taking over Europe though? Haven’t seen that happening.

Most Tesla's sold in Europe have been Chinese made. That'll change as their Brandenburg plant ramps up. Volvo, MG4 and Polestar are Chinese owned and mostly manufactured in China.

Re: Germany Falls into Recession

#89

Post by politician »

mistrial9 wrote: post #29
edgyquant wrote: post #23

Earlier quoted context omitted.

The US is not getting poorer nor is inflation still out of control

this is called "hopium" one-liner.. look at the demographics.. twelve billionaires and 2.6 million adults having trouble paying monthly bills in my US West coastal area. Asset bubbles notably residential housing. capital-flight..

There is a trend that some people lean heavily on government intervention to solve their problems, rather than exercising personal initiative. This dependence can exacerbate issues in densely populated regions, where high living costs, limited housing, and food security concerns are rampant, despite surprisingly low out-migration rates.

However, alternatives are readily available. Inland areas beyond the coastlines offer affordable living and plentiful housing.

Re: Germany Falls into Recession

#90

Post by c00lio »

nradov wrote: post #32

It's going to be tough for Germany to resume economic growth without a strong chemicals industry. Much of that depends on cheap natural gas for profitability. Germany can import gas from other sources to replace Russian pipelines that have been cut off, but costs for those new sources are too high to make most bulk chemical manufacturing profitable. We will probably see those industries migrate from Germany to places…

Producing industry in Germany is a dead man walking. Chemical industry is seeking a quick exit due to extreme gas and energy prices, as is all smelting and metal processing. They are keeping appearances for now, in the hopes of a big "green" bailout, e.g. by subsidizing electricity from 30ct/kWh down to 5ct/kWh and a few billions of free money for "doing something with hydrogen". But that will at best delay the closure of existing works.
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