Germany sees company bankruptcies soar
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Re: Germany sees company bankruptcies soar
#2The question is, are these companies the one that still work by fax and think the internet is a fad?
Re: Germany sees company bankruptcies soar
#3The 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 right-wing votes if we wouldn't have this much panic pessimistic breaking news everywhere I feel. There are definitely more perspectives. (And yes I know, unfair distribution plays also a huge part in very different perspectives..).
Re: Germany sees company bankruptcies soar
#4The 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.
Re: Germany sees company bankruptcies soar
#5The 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…
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 from the world of normal people that they barely could even point to a "normal person" if they were dumped in the middle of a crowd of them
Re: Germany sees company bankruptcies soar
#6The 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. Then in 2021 the numbers soared. So the the 2024 prediction will be still lower than the 2021 numbers.
The long term view can be seen here: https://de.statista.com/statistik/daten/studie/4898/umfrage/...
Re: Germany sees company bankruptcies soar
#7Earlier 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 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 election cycles even if the incompetence of the current government has not helped.
Re: Germany sees company bankruptcies soar
#8The 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…
One company I worked for was always „in recession” especially when you asked about salary increases.
Re: Germany sees company bankruptcies soar
#9Earlier 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…
In the US the term recession has no specific definition. So whether or not we’re in one doesn’t mean much.
Re: Germany sees company bankruptcies soar
#10The 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…
I wonder how many of those companies already operated on the brink of insolvency before COVID.