Recessions are a normal part of the economic cycle, therefore your only option is to be prepared and make plans accordingly. 2009 saw a recession when I started my profession. My initial job out of college was performing aerial acrobatics on cruise ships. I have built my own company, work as a vice president for a significant organization, own three rental properties, make investments in stocks and companies, and have experienced a two million dollar increase in my net worth in the last four years.
Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the one million dollars that I have in an S&S.
I can personally connect to that. I started working with Melissa Terri Swayne a fiduciary financial counselor, and my profits were assured. In such circumstances, I would always advise hiring a professional to help you through choppy markets and only give you indicators and strategies for figuring out when to enter and exit the market.
I've wanted to start investing for a few months, but haven't had the courage to do so because the market has been down for the majority of this year. Please provide additional information about her offerings and how I may feel confident in her skills.
I have worked with a few financial advisors before now but i ultimately settled for ‘Melissa Terri Swayne. She is SEC regulated and licensed in US. You can easily look her up
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa after inputting her full name on the web, she seems highly professional with over a decades of experience
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
The German government is reactive, not proactive. Moreover the Government punishes people working with heavy, complicated taxes and rewards people who decide not to work.
@@Worldaffairslover The British tried this and now they have a nation full of people who are chronically sick and on benefits. The US has its homeless folks. But making people homeless and hoping that they move to warmer places and beg is not an option in Europe.
Also germany lets unions grow into greedy gluttons. That creates rigidity. They cannot innovate because automation is something they hate because all unions worldwide hate automation because they are dumb gatekeepers.
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Funny how asset owners always set a narrative of a falling housing market only causing problems. Mostly it’s *caused by* problems so it looks bad, and then it has positive long term effects when and where it occurs
Over the next five years, an estimated 5 to 7 million Germans will leave the labor market due to retirement This demographic change is expected to worsen the problem of lack of qualified workers
@@emmanuelgranatello1896 that's why they encourage immigration they don't have to spend on their education for 18 years and they contribute right away to the economy in theory the reality immigration alone not a solution but part of it they ignore the government barriers for business housing and infrastructure simply look at tesla what they did trying to speed up the process in term of location and permits
To add "Skilled workers not willing to learn language of country with downfall economy". In example of remote jobs with B2, soon to start begging to work with English.
Germany did not simply "forgot" to invest, the German governments of the past decade actively avoided investments ("Schuldenbremse"). Another massive mistake was the phase out of nuclear energy in favor of cheap authoritarian gas. What Germany needs is a massive investment in education, infrastructure, entrepreneurship and future technology research. Abandon the idea that the automotive industry will continue to drive prosperity, these days are long gone. With a likely future populist government these problems will only get worse.
Yes the Schuldenbremse is absolutely to blame. During difficult times, they simply refuse to borrow in order to stimulate the economy. Unfortunately they continue to listen to neo liberal economists instead of Keynesians, to the detriment of the entire country.
@@michaelnurse9089 No, you borrow to invest during difficult economic times. It's basic national macroeconomics. One of the more powerful ways to stimulate an economy is to INCREASE social spending. It gives a much more powerful boost to the economy than tax breaks for major corporations or (worst of all) the rich.
why do you only think of government "investments" when people mention investments? Mostly people are talking investments by private investors. That is lacking. And I dont blame them. It is not a good investment, gotta change the location factors.
Highly bureaucratic, love for papers - even an email addition requires signing so many papers, everything in your letterbox, higher taxes, no incentive for full time workers. Good luck here.
Needless to say, however not mentioned here, that the forced closing of the German nuclear plants resulted in an energy shortage that resulted in very expensive energy. That in turn brought the German industry to the brink of collapse. It is certainly not the only German mistake, for some reason they now choose the wrong path on an almost daily basis, but a big mistake for sure. By the way: can someone tell me how many big earthquakes and tsunami's there were in Germany during the past 13 years? That was the reason for closing them.
how is pivoting away from expensive dangerous nuclear a mistake? And you mean all the protesters strapping themselves to nuclear waste trains wasn't the reason? If you want to pivot away from mistakes its expensive. Just less expensive than continuing to invest in them. Ask Chernobyl if pivoting to nuclear was a good idea. Ask Fukashima.
Very difficult to do business in Germany. Too much fees, cost for small business and a lot of them are unnesscery. To grow the economy must be smaller companies starting up and able to compete globally. A lot of stagnant policies must be relaxed.
Totally agree. Also no real steps forward towards digitalization is leaving them way behind other global economic centers, specially affecting the automotive industry. They don't catch up and are old-fashioned (afraid of change and uncertainty). Shortly put: a global player with a provincial mindset.
Yeah, it sounds absurd but it is not in the US interest to have a strong German-Russian economic partnership. Germany profitted for decades from this partnership and the US always wanted this to end. So the current situation is - from the US point of view - exactly what they wanted. They need Germany to be strong enough to take a leading role in Europe, but weak enough so that they can still impose influence in Germany's decision making. This has been obvious but people don't want to acknowledge it. It's just how geopolitics works.
Yep, these are the basis laid by 20 years of CSU/CDU, rightfully representing the general risk-advert German mindset. I just don't get how one can be so naiive to trust a former KGB and base the complete economic policy on that trust. Just for the sake of reducing debt and keeping the books in orders?
@@emmanuelgranatello1896 The basis is older. It was cultivated under Gerhard Schröder and therefore is of SPD origin. And it is not surprising why, since Schröder then got cushy positions at various Russian state-owned corporations, especially Gazprom. There was no naiveté, just corruption.
Well...Germany shut down all of their nuclear power plants...so for this sector we can say it is at the same level as Madagascar Zimbabwe etc. meaning 0
That's not political correctness it's just greed and lack of awareness. Russia has never stopped being the aggressor after WW2. It takes extreme naivety to put your enemy in the position of your strategical energy supplier.
You may be too simple minded to understand that but growth is compounded that's why poorer countries need to grow much faster than countries that are already rich.
@@seanthe100 u need to understand that 5% grow for a big country does not mean it is collapsing. And a decline in GDP year over year does mean there is some problem in ur economy.
It was expected to grow 1.7% before the war so clearly it is a failure. The Chinese economy is huge when compared to Germany in the next 10 years expect it's grow to come down to 1-1.5 percent that is normal.
The Greeks? What have they got to do with this? You have any idea how much money went into keeping Greece afloat.. how much money just disappeared into that back hole?
@@mutkaluikkunen3926 The Greek economy is flourishing while the Germans have caused most of their own problems due to self-inflicted wounds from their own fears and cheapness, resulting in a failure to invest. instead they blamed the Greeks! Wake up sunshine!!! The world is passing you by!!!
The same Greek that had work weeks increase officially ? They are laughing they are fleeing Greece , Germans are still richer, I know I’m from southern Europe, selling ourselves to expats and tourists isn’t sustainable long term
here another issue , who will speak with them ? all of this🇪🇺🐩🐩 , whose economy was just based on cheap different kinds of recourses from Russia , just around decades have no adequate diolog with russia , any way they got mlns Ukries for free they can fix their situation .. maybe.
@@alexpavlov3535 Are you? It's literally inconclusive, no one knows. Although it's suspicious the location is surrounded by NATO nations and sympathizers and no one noticed a thing.
No cheap energy no economy. EU thought it was rich due to its luxury products and others. Cheap energy was the backbone of the Germany economy. Without it, the German economy will tumble.
He say nothing about losing Russian market and collaborating between German and Russia. It was a really profitable business collaboration for all sides in past
The Problem with Germany is it has the money but the laws they made don't allow them to spend it or borrow it when needed. The Germans had so many golden opportunities in the last decade. Including recently Intel wanting to establish a foundry in Magdeburg. Common sense would say, the politicians should prioritize such investments as they generate long term capital and employment. But, this is Germany. They dint even try to fund finding land to build the foundry, the most basic requirement. It's like investing a ton of taxpayer funds to design and manufacture a modern gun only then to use it to shoot yourself.
Intel not opening a foundry in Germany (or Poland) has more to do with the terrible state of Intel right now and less to do with Germany to be fair. Even in existing plants like Ireland, there may be some scaling back.
Lashing everything on German government is ridiculous. It is not as simple as you portray. Intel will go bankrupt and it will be poor investment for German government if they invest in a frail company.
Honestly with the current government not being able to spend money is actually a good thing. They are already spending too much in bs, imagine if they could grab more.
another problem, along with unwillingness to digitalize, they have this continual obsession with 'datenschutz' - data protection. Which makes digitalizing hard, and means they rely too much on paper files, fax machines and snail mail.
They should have invested in reducing gas demand ten years ago. Canceling their nuclear plants was a financial suicide and now the consequences of their idiocy is coming back to haunt them.
Recent news: The decline of the traditional German brewing industry shows no signs of slowing down. Recently, several breweries have filed for bankruptcy or closed permanently, resulting in the loss of centuries-old brewing traditions. The latest victims are the Gambrinus Brewery in Weiden, Upper Palatinate, and the Gesellschaftsbrauerei Viechtach.
That’s because many EU countries like Germany are ignoring the sanctions on Russia and continuing to buy oil from Russia via India. They are indirectly financially supporting Russia‘s war. It’s a joke and hypocritical 🙈 Countries need to quickly become self-sufficient with regard to energy, so that they cannot be held over a barrel (literally!) by the likes of Russia!
Due to the conversion of the economy to a war economy. Not sustainable, money is invested in war goods that are designed to destroy and be destroyed. Instead, sustainable value should be created for the young Russian generation by investing in infrastructure, education, etc.
@@marcofischer5715 Still... Did you know that Biden predicted that, with the sanctions, Russia's GDP would decrease by 50%? Instead it decrease by 3%, and it recovered the following year
It's not only German government. The whole society and culture as a collective is quite reactive, cautious, and strangely inflexible. In the past, because of so many factors (cheap gas, massive demand from China, etc) this problem was masked and labeled as "Stability" but now its true face and cost is coming out. I think putting everything ONLY on the government is quite a lazy approach. Go to German universities, you see almost 0 entrepreneurship from staff and students. Go to German companies, you see they haven't realized the power of software. Go to German supermarkets, you see they haven't realized so many innovative niches in food industry. Go to German banks, you see their mobile apps live in 2010. Talk to Lufthansa customer service, you see they don't know how to provide services. The issue is MUCH bigger than just the current and even previous ineffective gov. Germany and Germans have to understand some of their old "values" which brought them incredible prosperity are now obsolete, out dated, and quite damaging.
As a German, I fully resonate with this sentiment. Observing the stagnation and lack of progress in our country is genuinely disheartening. Germany feels almost paralyzed - every process here takes an inordinate amount of time. Our construction projects, for instance, often require a decade or more to complete, while others achieve similar milestones in just a few years. Public transportation, especially for long distances, is not only excessively expensive but also poorly maintained and frequently unreliable. In everyday life, it feels as though nothing operates as smoothly or efficiently as it once did - or as it ought to. Service quality in Germany has also significantly declined, whether in shops, restaurants, or when handling official matters. Life here has become unnecessarily complicated and, frankly, demotivating. Unfortunately, there’s a prevalent sense of envy and resentment permeating much of society. Our digitalization efforts are mostly confined to sending emails, with response times often stretching over days or even weeks. Our cities are visibly becoming less safe and clean, with vandalism now commonplace. Meanwhile, we seem to ignore our own shortcomings, preferring instead to point fingers and lecture the world. We have regulations for everything and it feels as though everyone here has taken on the role of an enforcer. It’s time we hold ourselves accountable and address our own issues. The roots of these problems run deep, and it’s crucial to understand the social structures at play to gain insight into our broader economic challenges. When I return to Germany after spending weeks or months abroad, the social, political, economic, and infrastructural decline becomes glaringly apparent. It’s profoundly saddening.
I had a need to set up a company in both Germany and Ireland earlier this year. The company and bank account setup in Ireland was completed in a number of days. The German setup still isn't complete. The business in Ireland is going gangbusters.
More work is one of the possible options you can start immediately to maintain current level of supply. As Japanese living in Germany, I thought so when I noticed that most of the supermarkets and retail shops were closed in evening.
Japan is stagnant and have a crazy work culture so Germany would become more like japan than already appear to be doing . From that logic my country should be rich, we work more than people in Western Europe. Germany lacks investment because they are conservative while being rich, china is using the Silicon Valley model of losing money to gain market share,Germany auto for example seems still afraid to do it trying to double dipping and risking been the new Nokia or kodak, energy prices also complicated things further imo. Unlike Western Europe in my country supermarkets are open until 22h depending on the store and are open all week besides holidays were they close or have reduced schedules
Actually, that already happened. As an initiative for helping the German government‘s CO2 emissions, they offered financial incentives for landlords to make their properties more energy efficient… we just had new radiators installed in our apartment but we were told that the maximum temperature is set to 21C, as stipulated by the government.
@@HartlepoolLad Ah yes that will sure help when AC in USA households is on 24/7 and millionaires are flying private jets to their 7th property just to check on maids and grass lawns. God forbid little kids and older people get warm in their household during winter...
Thats even not the worst, he is a socialist hardliner who thinks he boosts the economy by adding more regulation while the only thing that flourish is his green party gang friends and family. Its a total joke
Germany is not decoupling from China....China is decoupling from Germany. China invested a lot in technology, innovation, industry so they produce their own stuff now, they don't products from Germany anymore (especially cars).
Germany for decades enjoyed cheap energy from Russia. That position gives Germany possibility to produce goods in very competitive prices. It’s over now! Olaf Sholz visited USA one month after nord stream event with banana smile. Not a word of anger. Unconditional surrender signed in 1945 apply until today
@@puchatek5584 Germany was allied with and part of the West. You took a big gamble in striking a deal with the traditional enemies of the West - Russia and China.
@@michaelnurse9089 Russia was big enemy of Germany before war in Ukraine? You have short memory my friend. Germany had a huge deal with Russia and China yes! Everything lost because of American orders/actions and vassal position of Germany towards USA
The automotive sector gave birth to BMW Mercedes and VW group. The diversification is missing and we are totally relying on Automotive and Manufacturing sector which is not competitive anymore due to several reason. IT sector is weakest point of Germany with no investments and concrete policy. This is the reason giant IT tech companies like Meta, Google, IBM, Apple, Microsoft, Intel, Nvidia Amazon aren't born here. Now these IT tech companies are overwhelming the Automotive sector as well since the car is heavily dependent on Software and Semiconductor Chips
You can't have IT with adsl. Germany has one of the worst internet in Europe. My parents that are computer iliterate have fiberoptics in Belgrade my sister in law has that in a 3k people village in North Serbia. I as a IT guy in Munich can just dream of it. Thanks to corruption and privatization of Telekom.
@@aurelije Your are lucky man. I have ordered Telekom for glasfaser connection (FTTH ) on 23.08.2022 and still waiting. They approached me and offered to get fiber connection and it has been two years and they say "work in progress". I dont live in a village and this area has no 5G coverage from any GSM operator and telekom say take 5G connecton and router. I asked them are you kidding me? You are selling me something which is not available from your side
@@sneaky_krait7271 i live a kilometer far away from Infinion main campus and a lot of people around me works there. They are not doing well in recent time. If you search for info you'll see that they are going to cut 1400 places
Some offices still use typewriters in Germany. I did not ever expect a country that makes worlds-best luxury cars has such outdated web pages, offices, overloaded healthcare, service workers in tourist places that do not know any English. Many restaurants in Germany still do not take credit cards, I am not even talking about ApplePay. Germany needs to upgrade and fast.
“Germany is the only one facing the Chinese competition" ? seriously? then why the French and Italians are so excited about slapping tariffs on Chinese cars?
Apparently, German business has sucked up all the profits and as a result domestic consumption is way down. Higher wages??? The debt break is a killer!!!
Absolutely not. Every dime not invested today will cost two tomorrow. If you didnt invest since the 90s you got whats going on today. Norway got 90+% green energy, is it falling apart? Its mismanagement from top to bottom green energy is way cheaper than anything else and makes your country independent
Germany preferred austerity, just like the rest of Europe. It's a continent wide issue IMHO, just the sheer under-investment. It's interesting to see the US and EU economy diverge after the financial crisis of 2008. The US chose to invest instead. Once Europe followed US tech wise quite closely, now there is no competition. That fixation on
Long story short: Germany relied to heavily on really cheap Russian gas which powered its industry for cheap; this translated to more competitive goods. Now that Germany no longer has access to cheap gas, their entire industry is restructuring.. They need to focus on consumption and fortify their manufacturing. They may also need to pivot to invest in neighboring Poland to decentralize manufacturing in the motherland. Essentially a mini- USMCA.
Agreed. Their Chancellor worked for a giant Russian gas company then complains about Russia. They also think their government isn't super corrupt too. Literally having a Chancellor go from opening the largest pipeline in European history as Chancellor and then immediately working for that company afterwards totally isn't corruption.
@@iFryTube But the pipeline delivered cheap gas making German companies out compete their rivals. VW said its closing because their operational costs increased by 30% using overpriced gas from the US.
Yeah Russian economy is the size of Italy despite over double the population. Plus, it is funny when the dictator lovers think democratic countries can't think for themselves.
@@slmille4 You know how to double your economy? Sell your loaf of bread for twice the price a Russian baker would sell. BAM, double the income, double the GDP!
An economy can always go up and down. Whats dramatic in Germany is that politicians ignore to learn from their mistakes and keep blaming others or keep following malignous ideologies. The current goverment is the sure death for our economy - they turned a free and ambitioned market into a political market.
They don't need to boycott. They as most consumers given a choice, will buy whatever is better or has more status etc.. There will always be a market for things like Ferrari and Rolls just because of status. The point is, consumers given a choice, will buy what is best for the money.
06:59 I don't think that German governments "forgot" to invest in digitalisation, education, infrastructure, this is a dissatisfactory answer to give in causation. I can only speculate that it was not economically efficient at the time to invest in those, when for example and at last the pool of East European labour is available. A major goal since the early 20th Century to access those as a market for finished goods with cheap labour coming the other way. So why invest in education, and more to the point it becomes less efficient, like for the British with the Colonies and for the Spanish with theirs. Also German costs would be higher, no, plus they would be charged more, as also happened to the British and Spanish. Contracting out is not just cheaper, it becomes like a grim logic, something that stops being an option after a while, because German labour is not affordable with all the social gains there. It was the same for the British with coal. They are experts in deep mining, not open cast, they had the highest safety standards globally in the 1980s, plus unions to give fair wages. All of those things cost money, safety, welfare, so after a while it becomes cheaper to import coal and maybe export your own coal to people that will pay more for it, or just abandon the coal in the ground, because it is too expensive to mine efficiently compared to other producers. A steel industry is a nice idea, but it became more efficient to sell the last foundry to an Indian company, so they bear the risk of running the forge and keeping it going. The solution would be reinvesting in the youth to avoid mass long term unemployment for them, like in other parts of Europe and to concentrate on luxuries as well as perhaps tourism. China continues to be the biggest market for luxuries and there are certain luxury items that are regional or with luxury cars, Germany has advantages in now. Tourism that is properly managed regarding impact on the local people with leisure in general for internal tourism as well should be another service sector that could easily be expanded on and give jobs to younger workers. That is if we continue to stumble on with this model of capitalism after Marx has be proven right about it so many times. Not just the economic friction that Germany is experiencing that all economic hegemons experience, but also because the booms and busts are getting bigger and deeper each time, like he predicted.
There's just too much bureaucracy in Germany. It's very unfriendly to start ups. Taxes are too high, at one point there is no point into trying for more because you will be taxed to oblivion.
If even DW the German public broadcast provider cannot get this simple graph right, then it's no surprise that German economy can go recession for 2 consecutive years
It is growing. If it was 100 in 2022 there was 5.2% increase, which became 105.2 for 2023 then over this there is 5% rise to 105.2, this is what it shows increase. That's pretty simple
@@AQuietNight everyone is going through tough times after covid . but japan and germany wont unless they serve their own interests not listening to usa
@@nolimit6241 Japan's problems are not the because of the U.S., they are suffering from the same thing they did to U.S. industry... they sold very cheap. Now China is doing the same to Japan. Germany made the fatal mistake of depending on Russia. A country that has no problem being aggressive on a moment's notice. The beauty of it is, Putin has turned Russia into a ward of China in the process.
But you typed this message on USA software and the USA or Koran phone. MRI will use USA-made software most likely. You are paying for your food with a USA credit or debit card on card reading software provided by US company. You are watching this video on UA-cam that is a US company. So yeah let's just pretend that Germany and Europe invested enough in new technologies...
German companies turned into been the machine behind the machine because they are good at engineering but when it comes to software they are lacking compared to Estonia,sweden,usa,china. Same issue with the Japanese we use canon,nikon,sony cameras for example but you ever looked at yahoo japan it looks like the 90s website ect
@@stefanmiletic8062The chip on credit card is german. Programmable Computers are german, circuits are german, semi conductors are german, programming languages are german…
The gentleman is reflecting the US perspective and explanation on the issue. Germany never has a shortage of educated, competent workforce. It's just the 4x expensive energy costs due to mystical pipeline rupture... keep talking w/o looking for root causes. Good luck!
I’ll secretly choose a setting that actively dials down politeness and imagine that my coworkers are all insulting each other even as they try their best to be respectful
As an immigrant, I am with Germans for asking for language. What I am not with them is asking a person with B2 language knowledge falling from the sky ready to start working yesterday. It doesn't work like that. First language is hard and unpopular. German state doesn't do anything to make it popular. When I was a kid in 80s in Yugoslavia, we were listening Nena, Falco, Peter Schilling, Kraftwerk, we were watching Schwartzwald Klinikum, die glückiche Familie... We had German classes on educational program on public TV, Viva tv was spreading the spirit of Europe and with it German language among other languages. We had excellent movies like Das Boot, Run Lola, Good bye Lenin... Nowdays the only language you can hear is English. German state doesn't invest in spreading German language and culture at all but everybody expects language knowledge. The fact is that at best German language in schools can be only the second foreign language. The first is English and in my Serbia you lean always from the 1st school year. From 5th class you get second foreign language and there German has hard time in competition with French, Italian, Russian, Spanish... In gymnasiums you may get 3rd foreign language and it is additional chance for German. On other side, I feel that people in Germany still believe that German is language of Science and Culture. Bad news, it is not. So then do something about it. Help people coming to learn it. Lower the required level for getting a job and then train people. I do not speak it well because I work in IT my company is English speaking only. I had English, Latin and Russian in school. Had learnt A1 in Serbia before moving to Germany, had finished A2 here. But since I do not work in German it is hard to practice. With work, family, having to keep my knowledge up to date with IT progress, I do not have time even to watch TV on German (which really helps a lot). So dear companies, instead of asking for B2, ask for something lower, A1, A2... Some people need just a few weeks and months to start thinking in German. I had 3 years ago vacation in Bayarishe Wald with one German family. We agreed that they will talk to me in German that I understand (I have problem to talk, I am afraid of mistakes :D) and I will talk in English. After several days I started replying in German :D So people working with colleagues in German will start talking German. And if you provide support in terms of language classes in company, extra money for paying classes outside of company, giving free time (like 1 hour of 8 working hours) for upgrading language skills I think you will not only get needed workers but you will get extra loyalty from those workers.
If u visit japan,south korea , especially Beijing you will be super how Germany behind especially in digitalization they prefer bureaucracy even the internet is sooo slow
As an American I wonder how big a problem is how high taxes are and strict regulations as anti-business? I wanted to move to Germany (as a retired person who can support himself) but felt overwhelmed by regulations and taxes.
Did the current coalition shut down all the nuclear plants in the country ? Did the current coalition sign a deal with Putin , built another pipe and fully rely on putin's gas ? 🧐 Maybe the current situation was all caused years ago by CDU and their "stability"?
Very challenging when you losing 40% mkt share in the biggest auto mkt in the world - China and it is worsening. Do you how many ICE cars including German , are on 2nd hand car lots unsold even at crazy deep discounts. And sales of Chinese EVs are breaking records every month. I know, I live in China. Legacy automakers have no chance of competing and clearly this is the beginning of the end.
I‘m from Germany. When I read the comments of fellow Germans I can feel their pain. The country failed on so many levels continuously over the years, that people are willing to leave their home country due to many issues not even mentioned in this video. Very unfortunate I was born and raised here was used to a much different Germany. Things has changed for the worse within the last 10-8 years and I wish this country a strong recovery.
@@huskydogableHalf of the policies causing recession in Germany are influenced by Auntie Sam and Germany has no choice to oblige and follow them. But yeah lets keep fooling ourselves by saying Auntie Sam has no involvement for the recession.
There’s a lot of factors. Immense bureaucracy, incredibly high taxes and unrealistic laws that put a lot of pressure on smaller/ middle sized businesses. Also there’s a general apathy to change.
Germany needs skilled labour ❌ cheap labour 💯. Germany should get more inclined towards digitalisation, fax machine, Banking sector still in 1960s won't work.
European countries are bad situation and everything is expensive and life in Europe now are very bad economy and big companies are leaving and a lot of people lost jobs and everything is expensive 💔💔💔
What about Russian economy? I live in russia as a foreigner for the past 10 years. It's not looking here as well. Don't go for the Google statistics. I'm talking about the real issues. If you want we can debate here. If UA-cam allows me to tell the truth and don't remove my comment. I'll explain to you what issues are we facing here in Russia.
@@luciferjohnson8495 i think what you can bring to the table are anecdotal evidence... those are quite worthless in the grand scheme of things.. besides, ill be honest i don't even think you live in Russia ... but i am speculating
@@ZayedJim my friend was from Bangladesh as well. He left Russia last year for France. Go ahead ask me any questions you want and I'll answer them honestly.
@@leonardoorellano6652 and I' wasn't gonna give you Google statistics I was gonna debate with you logically with the real life experience I have had these past 10 years. But it's okay whatever makes you happy my guy.
Recessions are a normal part of the economic cycle, therefore your only option is to be prepared and make plans accordingly. 2009 saw a recession when I started my profession. My initial job out of college was performing aerial acrobatics on cruise ships. I have built my own company, work as a vice president for a significant organization, own three rental properties, make investments in stocks and companies, and have experienced a two million dollar increase in my net worth in the last four years.
Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the one million dollars that I have in an S&S.
I can personally connect to that. I started working with Melissa Terri Swayne a fiduciary financial counselor, and my profits were assured. In such circumstances, I would always advise hiring a professional to help you through choppy markets and only give you indicators and strategies for figuring out when to enter and exit the market.
I've wanted to start investing for a few months, but haven't had the courage to do so because the market has been down for the majority of this year. Please provide additional information about her offerings and how I may feel confident in her skills.
I have worked with a few financial advisors before now but i ultimately settled for ‘Melissa Terri Swayne. She is SEC regulated and licensed in US. You can easily look her up
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa after inputting her full name on the web, she seems highly professional with over a decades of experience
maybe it's because they are still using fax machines
lol. a dna ycilop ngierof tsinim ef a evah ew osla
?gnorw og dluoc tahw - ycilop citsemod tsisk ram
😅 chile. So if they switch to email, all will be well lol
It's all about PTT Post Telephone Telefax :-)
Pithy. But Japan loves fax machines and even manually stamping physical documents. Yet they're growing.
That’s what everybody is laughing about when i do my business trips. But it’s no joke.
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing
The German government is reactive, not proactive. Moreover the Government punishes people working with heavy, complicated taxes and rewards people who decide not to work.
That do not work because they can live of investment dividents because of a lack of Incomegains tax.
“Rewards people who decide not to work” sounds like ignorant backwater American trumpee Republican talking points
@@Worldaffairslover The British tried this and now they have a nation full of people who are chronically sick and on benefits. The US has its homeless folks. But making people homeless and hoping that they move to warmer places and beg is not an option in Europe.
45% taxes in Germany. Is it acceptable?
Also germany lets unions grow into greedy gluttons. That creates rigidity. They cannot innovate because automation is something they hate because all unions worldwide hate automation because they are dumb gatekeepers.
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Mind if I ask you to recommend this particular coach you using their service?
Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
As if I needed the confirmation to be sure... Life in Germany has deteriorated on multiple fronts, no need to point out the obvious at this point.
If housing prices fall that could help the economy greatly. A greater portion of their income left over to spend on local goods and services.
Funny how asset owners always set a narrative of a falling housing market only causing problems. Mostly it’s *caused by* problems so it looks bad, and then it has positive long term effects when and where it occurs
Migration?, mashallah
The biggest problem in Germany ? The Government.
On god
Specifically the American and Israeli governments who control the puppets you think are the German government.
Den grössten Fachkräftemangel hat Deutschland definitiv in der Politik !
The governments since the 90s yea. Especially CDU sknce they didnt invest a dime
The current one is changing something
Over the next five years, an estimated 5 to 7 million Germans will leave the labor market due to retirement
This demographic change is expected to worsen the problem of lack of qualified workers
das ende ist nahe:) wir verdienen extinction :)
@@ryanslizzard7778Ja ich gehen Aus Duestchland 😂😂😂
And worse ratio "retirement pension contributors vs beneficiaries"...
@@emmanuelgranatello1896 that's why they encourage immigration they don't have to spend on their education for 18 years and they contribute right away to the economy in theory the reality immigration alone not a solution but part of it they ignore the government barriers for business housing and infrastructure simply look at tesla what they did trying to speed up the process in term of location and permits
To add "Skilled workers not willing to learn language of country with downfall economy". In example of remote jobs with B2, soon to start begging to work with English.
It's incredible that Germans are still debating a fact.
Unfortunalty they have egos.. if they let their egos down they will prosper
@@mshmsh813 Ego and complacency, same in Austria where I live
@@persiathiest1963 I wish I was wrong about my comment :( I didn’t even complete 20 months in Germany and turns out my observation is correct.. Sad
German industry is not competitive without cheap Russian gas.
They will never admit to this though.
You've misspelled nuclear energy. Russian gas is a trap.
Allowed other countries to out-develop their EV manufacturing capacity too?
They betrayed russia who fed them decades
Zely laughing in face of German taxpayers
Germany did not simply "forgot" to invest, the German governments of the past decade actively avoided investments ("Schuldenbremse"). Another massive mistake was the phase out of nuclear energy in favor of cheap authoritarian gas.
What Germany needs is a massive investment in education, infrastructure, entrepreneurship and future technology research. Abandon the idea that the automotive industry will continue to drive prosperity, these days are long gone.
With a likely future populist government these problems will only get worse.
You can only invest if you cut money elsewhere. Which social programs will you give the chop to?
Yes the Schuldenbremse is absolutely to blame. During difficult times, they simply refuse to borrow in order to stimulate the economy. Unfortunately they continue to listen to neo liberal economists instead of Keynesians, to the detriment of the entire country.
@@michaelnurse9089 No, you borrow to invest during difficult economic times. It's basic national macroeconomics. One of the more powerful ways to stimulate an economy is to INCREASE social spending. It gives a much more powerful boost to the economy than tax breaks for major corporations or (worst of all) the rich.
@@michaelnurse9089No, you can borrow. But they foolishly have outlawed that
why do you only think of government "investments" when people mention investments? Mostly people are talking investments by private investors. That is lacking. And I dont blame them. It is not a good investment, gotta change the location factors.
Highly bureaucratic, love for papers - even an email addition requires signing so many papers, everything in your letterbox, higher taxes, no incentive for full time workers. Good luck here.
Incomplete without talking about Nordstream.
Needless to say, however not mentioned here, that the forced closing of the German nuclear plants resulted in an energy shortage that resulted in very expensive energy. That in turn brought the German industry to the brink of collapse. It is certainly not the only German mistake, for some reason they now choose the wrong path on an almost daily basis, but a big mistake for sure. By the way: can someone tell me how many big earthquakes and tsunami's there were in Germany during the past 13 years? That was the reason for closing them.
no region in Germany wanted the nuclear waste buried in their area and they had nowhere to put the nuclear waste
@@munaali840 and your NIMBY attitude has now directly contributed to economic stagnation and decline
@@munaali840 that is correct....and part of the issue
Well there's been a tsunami of two legged creatures..
how is pivoting away from expensive dangerous nuclear a mistake? And you mean all the protesters strapping themselves to nuclear waste trains wasn't the reason?
If you want to pivot away from mistakes its expensive. Just less expensive than continuing to invest in them.
Ask Chernobyl if pivoting to nuclear was a good idea. Ask Fukashima.
Very difficult to do business in Germany. Too much fees, cost for small business and a lot of them are unnesscery. To grow the economy must be smaller companies starting up and able to compete globally. A lot of stagnant policies must be relaxed.
Indeed. Still don't understand this annual IHK fees
Same in France
Totally agree. Also no real steps forward towards digitalization is leaving them way behind other global economic centers, specially affecting the automotive industry. They don't catch up and are old-fashioned (afraid of change and uncertainty). Shortly put: a global player with a provincial mindset.
Interesting. Could you please elaborate more on this? Like you mentioned about fees. I'm interested to know more about this. Thanks in advance.
and the psycho terror of "Finanzamt" should be stop
What an irony😂😂. The people who are analysing German economy are the ones selling them oil 3 or more times the price of Russian oil.
The oil we told them not to buy in the first place
@@seanthe100without Russian oil Germany would become uncompetitive in 1990s
@@seanthe100 And what exactly gives you the right to dictate anything to anyone?
Yeah, it sounds absurd but it is not in the US interest to have a strong German-Russian economic partnership. Germany profitted for decades from this partnership and the US always wanted this to end. So the current situation is - from the US point of view - exactly what they wanted. They need Germany to be strong enough to take a leading role in Europe, but weak enough so that they can still impose influence in Germany's decision making. This has been obvious but people don't want to acknowledge it. It's just how geopolitics works.
Germany is a US puppet state now. Look how they bark even harder supporting genocide in Gaza
It will be much more than 5-7 million leaving Germany if they don't stop milking their highly skilled workers 40% in taxes and other BS.
As they say in Ukr. Its advancing backwards
"Its advancing backwards", 😂😂😂😂😂
😂😂😂spot on!
Germany is still a developing country; a backwards developing country.
🤣🤣🤣
Simple no cheap gas no economy
Thanks to CDU CSU for sabotaging the technological future of Germany by not investing in sustainable energy ressources
Yep, these are the basis laid by 20 years of CSU/CDU, rightfully representing the general risk-advert German mindset. I just don't get how one can be so naiive to trust a former KGB and base the complete economic policy on that trust. Just for the sake of reducing debt and keeping the books in orders?
@@emmanuelgranatello1896 The basis is older. It was cultivated under Gerhard Schröder and therefore is of SPD origin. And it is not surprising why, since Schröder then got cushy positions at various Russian state-owned corporations, especially Gazprom. There was no naiveté, just corruption.
Both SPD and CDU is to blame for sure. Handel durch Wandel as an excuse to make extremely risky geopolitical bets.
@@emmanuelgranatello1896It was not the KGB that broke trust.
Fact: most job postings do not include the salary. This kind of bizarre stuff is everywhere in the system.
It’s One of the most annoying thing in Germany.
This really needs to be changed. even by law. it is really making the economy less efficient and making it harder for everyone.
Salary is also taboo between colleagues. It suits the business owners not to speak about it like in USA.
Same in my country 😂
I thought it was a French thing only
Germany is falling behind Korea in EV, batteries, digitalization, nuclear power plants, etc etc.
and Korea is behind china
North Korea too.
Well...Germany shut down all of their nuclear power plants...so for this sector we can say it is at the same level as Madagascar Zimbabwe etc. meaning 0
Germany is very small country compare to USA and Asia Giants like China and India
But a LOT of them have lots of Arrogance i dont know where it comes from.
How’s it going abandoning nuclear energy and Russian gas? This is the price for being politically correct. Absolute insanity
That's not political correctness it's just greed and lack of awareness. Russia has never stopped being the aggressor after WW2. It takes extreme naivety to put your enemy in the position of your strategical energy supplier.
German economy decline with 0.2% this year (is german economy failing?) China grow went from expect 5,2% to 5% grow (china is collapsing). the irony
Both are not. Germany is not collapsing. China is not collapsing. Also China might be falsifying their economic data
You may be too simple minded to understand that but growth is compounded that's why poorer countries need to grow much faster than countries that are already rich.
@@seanthe100 u need to understand that 5% grow for a big country does not mean it is collapsing. And a decline in GDP year over year does mean there is some problem in ur economy.
@bellaadamowicz8380 kinda sad to go down this road if u are losing an argument. Your sound like a 10 old child with those comebacks.
It was expected to grow 1.7% before the war so clearly it is a failure. The Chinese economy is huge when compared to Germany in the next 10 years expect it's grow to come down to 1-1.5 percent that is normal.
The Greeks must be laughing their heads off at all of this!!! Schadenfreude?
yes they are laughing while they are immigrate by thousands to Germany
The Greeks? What have they got to do with this? You have any idea how much money went into keeping Greece afloat.. how much money just disappeared into that back hole?
@@mutkaluikkunen3926 The Greek economy is flourishing while the Germans have caused most of their own problems due to self-inflicted wounds from their own fears and cheapness, resulting in a failure to invest. instead they blamed the Greeks! Wake up sunshine!!! The world is passing you by!!!
The same Greek that had work weeks increase officially ? They are laughing they are fleeing Greece , Germans are still richer, I know I’m from southern Europe, selling ourselves to expats and tourists isn’t sustainable long term
I like that Greek economy is improving ❤
Big factor is energy cost ie no cheap energy from Russia.
So stopping the war and try to reconnect w Russia.
😂
here another issue , who will speak with them ? all of this🇪🇺🐩🐩 , whose economy was just based on cheap different kinds of recourses from Russia , just around decades have no adequate diolog with russia , any way they got mlns Ukries for free they can fix their situation .. maybe.
Yeah, we knew this would happen as soon as they cut Russian gas.
@@alexpavlov3535 Are you? It's literally inconclusive, no one knows. Although it's suspicious the location is surrounded by NATO nations and sympathizers and no one noticed a thing.
This is not the problem. A lack of willingness to dream big and invest accordingly is
And now EU is starting a trade war with China and Germany is on the brink of losing the Chinese car market.
@@SweetAngel-s8ryou ask too much of Germans 😂😂😂😂. They love to hike let Turks, Poles, eastern Europeans etc take the risks.
@@alexpavlov3535The pipe was empty already! Putin stopped sending the gas months before the blowing them up.
No cheap energy no economy. EU thought it was rich due to its luxury products and others. Cheap energy was the backbone of the Germany economy. Without it, the German economy will tumble.
"Real wages growing faster than in decades". Where?
I knew this would happen. The trade relationship with Russia and China was not in their control.
I thought Germany had opened the doors to millions of engineers and health professionals these past decade to help the country out?
That is literally what people around me believe 😂
Love from Germany ❤
Germany has opened biggest br0thel for jobs
The opened doors, But Nobody want to live . Because society spread hate to them, So they are moving out.
requires Fluent German 🤷♀️ so how?
@@maureen833 Why fluent German? Any language will do the job 😂
He say nothing about losing Russian market and collaborating between German and Russia. It was a really profitable business collaboration for all sides in past
because he's a mainstream journalist from the west. don't expect integrity
He wouldn't dare , because his Job will be at risk.
And who is guilty? Putin. He wants Soviet union back but won't get
The Problem with Germany is it has the money but the laws they made don't allow them to spend it or borrow it when needed. The Germans had so many golden opportunities in the last decade. Including recently Intel wanting to establish a foundry in Magdeburg. Common sense would say, the politicians should prioritize such investments as they generate long term capital and employment. But, this is Germany. They dint even try to fund finding land to build the foundry, the most basic requirement. It's like investing a ton of taxpayer funds to design and manufacture a modern gun only then to use it to shoot yourself.
Intel not opening a foundry in Germany (or Poland) has more to do with the terrible state of Intel right now and less to do with Germany to be fair. Even in existing plants like Ireland, there may be some scaling back.
Lashing everything on German government is ridiculous. It is not as simple as you portray. Intel will go bankrupt and it will be poor investment for German government if they invest in a frail company.
Germany did put money on the table. It’s Intel.
Honestly with the current government not being able to spend money is actually a good thing.
They are already spending too much in bs, imagine if they could grab more.
Germany spend too much money on the people who is not german citizens...
another problem, along with unwillingness to digitalize, they have this continual obsession with 'datenschutz' - data protection. Which makes digitalizing hard, and means they rely too much on paper files, fax machines and snail mail.
This is very true
No cheap gas . No economy
Yep, LPG is triple the amount compare to Russia
They should have invested in reducing gas demand ten years ago. Canceling their nuclear plants was a financial suicide and now the consequences of their idiocy is coming back to haunt them.
It's 5 times@@J.Shabazz
Nah apparently they need to buy the latest iphone and pay for things with an electronic wrist watch, then their economy will flourish! Haha
@@phil2806 WOW!
The only thing that still progressing in Germany are breweries.
You have no clue.
And nationalism!, so there is still hope😅😅😅😅
@@samlatooni German nationalism, can be dangerous for whole world :D
And Ukraine aid.
Recent news: The decline of the traditional German brewing industry shows no signs of slowing down. Recently, several breweries have filed for bankruptcy or closed permanently, resulting in the loss of centuries-old brewing traditions.
The latest victims are the Gambrinus Brewery in Weiden, Upper Palatinate, and the Gesellschaftsbrauerei Viechtach.
From watching mainstream news, you would expect the Russian economy would be failing, but instead, it's Germany's 🤷♂
That’s because many EU countries like Germany are ignoring the sanctions on Russia and continuing to buy oil from Russia via India. They are indirectly financially supporting Russia‘s war. It’s a joke and hypocritical 🙈
Countries need to quickly become self-sufficient with regard to energy, so that they cannot be held over a barrel (literally!) by the likes of Russia!
Sanctions worked...only the other way around :). Russia surprisingly had one of the biggest economy rise in the last decade.
Due to the conversion of the economy to a war economy. Not sustainable, money is invested in war goods that are designed to destroy and be destroyed. Instead, sustainable value should be created for the young Russian generation by investing in infrastructure, education, etc.
No one knows the real state of Russian economy because their made data unavailable and report whatever numbers their wish
@@marcofischer5715 Still... Did you know that Biden predicted that, with the sanctions, Russia's GDP would decrease by 50%? Instead it decrease by 3%, and it recovered the following year
No Gas.... No Economy
Nuclear energy>
What about cabbage? Cabbage creates massive amounts of gas. Technically speaking of course.
It's not only German government. The whole society and culture as a collective is quite reactive, cautious, and strangely inflexible. In the past, because of so many factors (cheap gas, massive demand from China, etc) this problem was masked and labeled as "Stability" but now its true face and cost is coming out.
I think putting everything ONLY on the government is quite a lazy approach. Go to German universities, you see almost 0 entrepreneurship from staff and students. Go to German companies, you see they haven't realized the power of software. Go to German supermarkets, you see they haven't realized so many innovative niches in food industry. Go to German banks, you see their mobile apps live in 2010. Talk to Lufthansa customer service, you see they don't know how to provide services. The issue is MUCH bigger than just the current and even previous ineffective gov.
Germany and Germans have to understand some of their old "values" which brought them incredible prosperity are now obsolete, out dated, and quite damaging.
Interesting!! You mentioned "old values", what are these old values? I'm interested to know more. Thanks
Hope it doesn’t become japan 2.0
As a German, I fully resonate with this sentiment. Observing the stagnation and lack of progress in our country is genuinely disheartening. Germany feels almost paralyzed - every process here takes an inordinate amount of time. Our construction projects, for instance, often require a decade or more to complete, while others achieve similar milestones in just a few years. Public transportation, especially for long distances, is not only excessively expensive but also poorly maintained and frequently unreliable. In everyday life, it feels as though nothing operates as smoothly or efficiently as it once did - or as it ought to.
Service quality in Germany has also significantly declined, whether in shops, restaurants, or when handling official matters. Life here has become unnecessarily complicated and, frankly, demotivating. Unfortunately, there’s a prevalent sense of envy and resentment permeating much of society.
Our digitalization efforts are mostly confined to sending emails, with response times often stretching over days or even weeks. Our cities are visibly becoming less safe and clean, with vandalism now commonplace.
Meanwhile, we seem to ignore our own shortcomings, preferring instead to point fingers and lecture the world. We have regulations for everything and it feels as though everyone here has taken on the role of an enforcer. It’s time we hold ourselves accountable and address our own issues.
The roots of these problems run deep, and it’s crucial to understand the social structures at play to gain insight into our broader economic challenges.
When I return to Germany after spending weeks or months abroad, the social, political, economic, and infrastructural decline becomes glaringly apparent. It’s profoundly saddening.
Fire Ursula von der Leyen and you'll get better. She's being dragging Germany down.
She's always on the wrong side no matter what.
This is the way
Actual she has no active politic position in Germany
USA side
Is it true that she was business owner of brøthel?
@@daksans6764 Pimperin
I had a need to set up a company in both Germany and Ireland earlier this year. The company and bank account setup in Ireland was completed in a number of days. The German setup still isn't complete. The business in Ireland is going gangbusters.
What company?
More work is one of the possible options you can start immediately to maintain current level of supply. As Japanese living in Germany, I thought so when I noticed that most of the supermarkets and retail shops were closed in evening.
To be fair they were always doing that. its just not normal to work overnight here.
Japan is stagnant and have a crazy work culture so Germany would become more like japan than already appear to be doing .
From that logic my country should be rich, we work more than people in Western Europe.
Germany lacks investment because they are conservative while being rich, china is using the Silicon Valley model of losing money to gain market share,Germany auto for example seems still afraid to do it trying to double dipping and risking been the new Nokia or kodak, energy prices also complicated things further imo.
Unlike Western Europe in my country supermarkets are open until 22h depending on the store and are open all week besides holidays were they close or have reduced schedules
All is not lost!
Scholz and Leyen are yet to decide how to set your thermmostat.
Mashallah
Actually, that already happened. As an initiative for helping the German government‘s CO2 emissions, they offered financial incentives for landlords to make their properties more energy efficient… we just had new radiators installed in our apartment but we were told that the maximum temperature is set to 21C, as stipulated by the government.
😂😂
@@HamzaalAbbasi Mashed Potatoes!
@@HartlepoolLad Ah yes that will sure help when AC in USA households is on 24/7 and millionaires are flying private jets to their 7th property just to check on maids and grass lawns. God forbid little kids and older people get warm in their household during winter...
With an economy minister whose prior experience was writing children's books, and shuts nuclear reactors, what can you expect ?
The shutdown of the nuclear power plant was decided by the previous government.
Thats even not the worst, he is a socialist hardliner who thinks he boosts the economy by adding more regulation while the only thing that flourish is his green party gang friends and family. Its a total joke
Mashallah❤❤❤😍😍😍😍
Wasnt the conservative party CDU that was the main force for shuttibg down German nuclear infrastructure
That is inevitable if Germany keeps abandoning cheap energy supplies from Russia and decoupling from its biggest trade partner China.
Volkswagen are closing plants, first time in 70 years, I don't think there's going to be a turn around anytime soon, bigger players have other plans.
Germany is not decoupling from China....China is decoupling from Germany. China invested a lot in technology, innovation, industry so they produce their own stuff now, they don't products from Germany anymore (especially cars).
@@gordonnorris4202 EU is putting restrictions on China, even that the EU's car industry asked not to do so
Remember Nord stream
😂
Germany for decades enjoyed cheap energy from Russia. That position gives Germany possibility to produce goods in very competitive prices. It’s over now! Olaf Sholz visited USA one month after nord stream event with banana smile. Not a word of anger. Unconditional surrender signed in 1945 apply until today
@@puchatek5584 Germany was allied with and part of the West. You took a big gamble in striking a deal with the traditional enemies of the West - Russia and China.
@@michaelnurse9089 Russia was big enemy of Germany before war in Ukraine? You have short memory my friend. Germany had a huge deal with Russia and China yes! Everything lost because of American orders/actions and vassal position of Germany towards USA
The Germans remember Nordstream and cry. Soon they'll cry more.. 😂
The automotive sector gave birth to BMW Mercedes and VW group. The diversification is missing and we are totally relying on Automotive and Manufacturing sector which is not competitive anymore due to several reason.
IT sector is weakest point of Germany with no investments and concrete policy. This is the reason giant IT tech companies like Meta, Google, IBM, Apple, Microsoft, Intel, Nvidia Amazon aren't born here. Now these IT tech companies are overwhelming the Automotive sector as well since the car is heavily dependent on Software and Semiconductor Chips
You can't have IT with adsl. Germany has one of the worst internet in Europe. My parents that are computer iliterate have fiberoptics in Belgrade my sister in law has that in a 3k people village in North Serbia. I as a IT guy in Munich can just dream of it. Thanks to corruption and privatization of Telekom.
@@aurelije Your are lucky man. I have ordered Telekom for glasfaser connection (FTTH ) on 23.08.2022 and still waiting. They approached me and offered to get fiber connection and it has been two years and they say "work in progress". I dont live in a village and this area has no 5G coverage from any GSM operator and telekom say take 5G connecton and router. I asked them are you kidding me? You are selling me something which is not available from your side
Infineon is a German company specialized in car chips
@@sneaky_krait7271 i live a kilometer far away from Infinion main campus and a lot of people around me works there. They are not doing well in recent time. If you search for info you'll see that they are going to cut 1400 places
Btw 95% of Infinion workers are not born in Germany, I know people from Romania, a lot from India many from Serbia and only one born in Germany
The EU sanctions against Russia do work pretty well... in Germany. Thank you, Ursula!
Some offices still use typewriters in Germany. I did not ever expect a country that makes worlds-best luxury cars has such outdated web pages, offices, overloaded healthcare, service workers in tourist places that do not know any English. Many restaurants in Germany still do not take credit cards, I am not even talking about ApplePay. Germany needs to upgrade and fast.
“Germany is the only one facing the Chinese competition" ? seriously? then why the French and Italians are so excited about slapping tariffs on Chinese cars?
'The combination of a stagnant economy and the debt break is unique'
Sums it up nicely.
Apparently, German business has sucked up all the profits and as a result domestic consumption is way down. Higher wages??? The debt break is a killer!!!
@@barrylane1055what fraction of income is spent on mere housing, sucking spending money away from local goods and services
Their obsession with clean energy will be their downfall.
Absolutely not. Every dime not invested today will cost two tomorrow. If you didnt invest since the 90s you got whats going on today. Norway got 90+% green energy, is it falling apart? Its mismanagement from top to bottom green energy is way cheaper than anything else and makes your country independent
@@legendaryzfps take the pills
@@azanudniy take the facts kid
Yep, exactly this.
What can we expect from Germany?
Germany has been a militarily occupied country since 1945.
Germany preferred austerity, just like the rest of Europe. It's a continent wide issue IMHO, just the sheer under-investment. It's interesting to see the US and EU economy diverge after the financial crisis of 2008. The US chose to invest instead. Once Europe followed US tech wise quite closely, now there is no competition. That fixation on
…. but Germany is no longer using Russia oil so recession is super cool …
Ikr.
Obviously I’m being a smartass. The entire thing going on in Germany has been sad and I can’t help but to feel sorry for Germany’s current situation.
Maybe Germany should start focusing on itself instead of involving itself in foreign wars
very good and profound interview partner !
Its called demographics
What Germany has lost in economic terms, it has gained in gained in the field of lecturing other countries on how to live.
Long story short: Germany relied to heavily on really cheap Russian gas which powered its industry for cheap; this translated to more competitive goods. Now that Germany no longer has access to cheap gas, their entire industry is restructuring.. They need to focus on consumption and fortify their manufacturing. They may also need to pivot to invest in neighboring Poland to decentralize manufacturing in the motherland. Essentially a mini- USMCA.
If you are asking the question the answer is yes, and its thanks to channels such as this.
Which is again government funded.
Obviously their Internet is damn slow
Puppet German ruined itself 😅
Agreed. Their Chancellor worked for a giant Russian gas company then complains about Russia. They also think their government isn't super corrupt too. Literally having a Chancellor go from opening the largest pipeline in European history as Chancellor and then immediately working for that company afterwards totally isn't corruption.
@@iFryTube But the pipeline delivered cheap gas making German companies out compete their rivals. VW said its closing because their operational costs increased by 30% using overpriced gas from the US.
Surprised? Not really. Germany is being run by a bunch of clowns. What do you expect?
Being American vasal is devastating 😢
Germany has double the economy of Russia 🙄
Yeah Russian economy is the size of Italy despite over double the population. Plus, it is funny when the dictator lovers think democratic countries can't think for themselves.
@@slmille4If tomorrow USA decides to disband NATO and chooses isolation, and Russia invades. Can Germany defend itself with its double economy ? 😂
@@slmille4 You know how to double your economy? Sell your loaf of bread for twice the price a Russian baker would sell. BAM, double the income, double the GDP!
@@hongjian3714you have zero idea on how GDP is calculated and it shows
😂 But they said Ukraine must be free and they did not need the Russian oil and gas.
An economy can always go up and down. Whats dramatic in Germany is that politicians ignore to learn from their mistakes and keep blaming others or keep following malignous ideologies. The current goverment is the sure death for our economy - they turned a free and ambitioned market into a political market.
need to follow foreign empireU$ policy
Great interview and interesting insights.
germany will be devastated if it loses its chinese auto mkt as consumers there start to boycott in retaliation for eu tariffs
They don't need to boycott. They as most consumers given a choice, will buy whatever is better or has more status etc.. There will always be a market for things like Ferrari and Rolls just because of status. The point is, consumers given a choice, will buy what is best for the money.
China producing half the price lols
Send more money to Ukraine !
06:59 I don't think that German governments "forgot" to invest in digitalisation, education, infrastructure, this is a dissatisfactory answer to give in causation. I can only speculate that it was not economically efficient at the time to invest in those, when for example and at last the pool of East European labour is available. A major goal since the early 20th Century to access those as a market for finished goods with cheap labour coming the other way. So why invest in education, and more to the point it becomes less efficient, like for the British with the Colonies and for the Spanish with theirs. Also German costs would be higher, no, plus they would be charged more, as also happened to the British and Spanish.
Contracting out is not just cheaper, it becomes like a grim logic, something that stops being an option after a while, because German labour is not affordable with all the social gains there. It was the same for the British with coal. They are experts in deep mining, not open cast, they had the highest safety standards globally in the 1980s, plus unions to give fair wages.
All of those things cost money, safety, welfare, so after a while it becomes cheaper to import coal and maybe export your own coal to people that will pay more for it, or just abandon the coal in the ground, because it is too expensive to mine efficiently compared to other producers. A steel industry is a nice idea, but it became more efficient to sell the last foundry to an Indian company, so they bear the risk of running the forge and keeping it going. The solution would be reinvesting in the youth to avoid mass long term unemployment for them, like in other parts of Europe and to concentrate on luxuries as well as perhaps tourism. China continues to be the biggest market for luxuries and there are certain luxury items that are regional or with luxury cars, Germany has advantages in now. Tourism that is properly managed regarding impact on the local people with leisure in general for internal tourism as well should be another service sector that could easily be expanded on and give jobs to younger workers.
That is if we continue to stumble on with this model of capitalism after Marx has be proven right about it so many times. Not just the economic friction that Germany is experiencing that all economic hegemons experience, but also because the booms and busts are getting bigger and deeper each time, like he predicted.
There's just too much bureaucracy in Germany. It's very unfriendly to start ups. Taxes are too high, at one point there is no point into trying for more because you will be taxed to oblivion.
the graphs at 3:08 don't make any sense with the number provided? how is 5.0 larger than 5.2 for china, or 7.0 larger than 7.8 for India?
If even DW the German public broadcast provider cannot get this simple graph right, then it's no surprise that German economy can go recession for 2 consecutive years
Made in Germany 😢
Hallo, wie geht es dir heute
It is growing. If it was 100 in 2022 there was 5.2% increase, which became 105.2 for 2023 then over this there is 5% rise to 105.2, this is what it shows increase. That's pretty simple
@@kartikg.kartikg No, the graph sizes do not make sense with the numbers provided. That is not how a graph works.
This happened to japan. Being americas mistress brings opportunities to americas foes
China is having the same problem. There goes your theory.
@@AQuietNight everyone is going through tough times after covid . but japan and germany wont unless they serve their own interests not listening to usa
@@nolimit6241 Japan's problems are not the because of the U.S., they are suffering from the same thing they did to U.S. industry... they sold very cheap. Now China is doing the same to Japan.
Germany made the fatal mistake of depending on Russia. A country that has no problem being aggressive on a moment's notice. The beauty of it is, Putin has turned Russia into a ward of China in the process.
@@AQuietNight germany will depend on russia . the usa has become a ward of china as well.
👍🏻
Whatever, Germany is America's mistress who left her devoted boyfriend, Russia.
😂
& Germany has been financing genocide in Gaza rather than investing in their economy.
I received MRI scanning test the other day in Tokyo. The machine was made by Siemens. Also my ophthalmologist uses a Leica microscope.
But you typed this message on USA software and the USA or Koran phone. MRI will use USA-made software most likely. You are paying for your food with a USA credit or debit card on card reading software provided by US company. You are watching this video on UA-cam that is a US company. So yeah let's just pretend that Germany and Europe invested enough in new technologies...
German companies turned into been the machine behind the machine because they are good at engineering but when it comes to software they are lacking compared to Estonia,sweden,usa,china.
Same issue with the Japanese we use canon,nikon,sony cameras for example but you ever looked at yahoo japan it looks like the 90s website ect
@@stefanmiletic8062The chip on credit card is german. Programmable Computers are german, circuits are german, semi conductors are german, programming languages are german…
@@themouse0237Nein Nein and Nein!
@@stefanmiletic8062USA will make many people unemployed soon Ai is taking many jobs already
If these Germans don’t change they racist attitude even folks from Namibia will leave!
I think this position is Germany is in makes sense
The gentleman is reflecting the US perspective and explanation on the issue. Germany never has a shortage of educated, competent workforce. It's just the 4x expensive energy costs due to mystical pipeline rupture... keep talking w/o looking for root causes. Good luck!
Germany cant get workers when 99% of jobs require fluent German language
not true. at least 15% of jobs dont demand it
Well, you need to be able to communicate. And you can get far with English.
Might be less than a decade from it being super common for workers/employers in this situation to have earpieces that auto translate
I’ll secretly choose a setting that actively dials down politeness and imagine that my coworkers are all insulting each other even as they try their best to be respectful
As an immigrant, I am with Germans for asking for language. What I am not with them is asking a person with B2 language knowledge falling from the sky ready to start working yesterday. It doesn't work like that. First language is hard and unpopular. German state doesn't do anything to make it popular. When I was a kid in 80s in Yugoslavia, we were listening Nena, Falco, Peter Schilling, Kraftwerk, we were watching Schwartzwald Klinikum, die glückiche Familie... We had German classes on educational program on public TV, Viva tv was spreading the spirit of Europe and with it German language among other languages. We had excellent movies like Das Boot, Run Lola, Good bye Lenin... Nowdays the only language you can hear is English. German state doesn't invest in spreading German language and culture at all but everybody expects language knowledge. The fact is that at best German language in schools can be only the second foreign language. The first is English and in my Serbia you lean always from the 1st school year. From 5th class you get second foreign language and there German has hard time in competition with French, Italian, Russian, Spanish... In gymnasiums you may get 3rd foreign language and it is additional chance for German.
On other side, I feel that people in Germany still believe that German is language of Science and Culture. Bad news, it is not. So then do something about it. Help people coming to learn it. Lower the required level for getting a job and then train people. I do not speak it well because I work in IT my company is English speaking only. I had English, Latin and Russian in school. Had learnt A1 in Serbia before moving to Germany, had finished A2 here. But since I do not work in German it is hard to practice. With work, family, having to keep my knowledge up to date with IT progress, I do not have time even to watch TV on German (which really helps a lot).
So dear companies, instead of asking for B2, ask for something lower, A1, A2... Some people need just a few weeks and months to start thinking in German. I had 3 years ago vacation in Bayarishe Wald with one German family. We agreed that they will talk to me in German that I understand (I have problem to talk, I am afraid of mistakes :D) and I will talk in English. After several days I started replying in German :D So people working with colleagues in German will start talking German. And if you provide support in terms of language classes in company, extra money for paying classes outside of company, giving free time (like 1 hour of 8 working hours) for upgrading language skills I think you will not only get needed workers but you will get extra loyalty from those workers.
DW : china is collapsing
Reality : Germany is collapsing
They both have their own unique problems. Neither is collapsing.
you do seem to comment a lot about China..almost looks like a bot behaviour? Both economies are shrinking, albeit in different ways
@@tommasorucci4088 Is 5% growth shrinking? It is twice the growth of US economy. DW is a government funded channel which says all.
Both are having issues, US will profit
@@redwhite_040US is declining faster than China
If u visit japan,south korea , especially Beijing you will be super how Germany behind especially in digitalization they prefer bureaucracy even the internet is sooo slow
The highest net Salar is 2000€ and 3 Room Appartment rent is 1500€ in Germany.
for real? Not even like 2500 net?
Who would have thought ditching stable power supply would cause such mayhem? 😮
Which factory has not enough workers, please, show examples
I think they wanted to mention low payed workers :)
As an American I wonder how big a problem is how high taxes are and strict regulations as anti-business? I wanted to move to Germany (as a retired person who can support himself) but felt overwhelmed by regulations and taxes.
Amis stay there
As long as German government does not even dare to investigate Nord Stream
What's the point. We all it was the Americans
Why investigate when they knew from day one that uncle Sam did it.
Always very nice to receive news from you and all! Tks ❤
Thanks to the US
Instead of solving your own issue. Instead blame everything on the USA.
nope its probably the EUs fault
@@luciferjohnson8495 Who destroyed the pipeline?
@@csuporj have any proof? Or just following propogamda?.
@@luciferjohnson8495 I'm just asking.
Zelensky called, said he needs more money.....
Germans aint paying alot anyway
Germans funded russia the most.
Yes. Thank you, America, thank you, traffic light coalition.
your are welcome
Advanced neocolonialism on display in Germany
Did the current coalition shut down all the nuclear plants in the country ? Did the current coalition sign a deal with Putin , built another pipe and fully rely on putin's gas ? 🧐 Maybe the current situation was all caused years ago by CDU and their "stability"?
Lmao. Blaming US Will get you nowhere
@@seanthe100 I know, the US is insulated from any consequences of its behaviour (until the situation in the Pacific turns hot).
Very challenging when you losing 40% mkt share in the biggest auto mkt in the world - China and it is worsening. Do you how many ICE cars including German , are on 2nd hand car lots unsold even at crazy deep discounts. And sales of Chinese EVs are breaking records every month. I know, I live in China. Legacy automakers have no chance of competing and clearly this is the beginning of the end.
I‘m from Germany. When I read the comments of fellow Germans I can feel their pain. The country failed on so many levels continuously over the years, that people are willing to leave their home country due to many issues not even mentioned in this video. Very unfortunate I was born and raised here was used to a much different Germany. Things has changed for the worse within the last 10-8 years and I wish this country a strong recovery.
Lol the values on the plot around 3 min seem to be wrong
The sacrifice to please UNCLE SAM 😅
Stop blaming the US and look at yourselves in the mirror.
US does not want to compete with the EU, so periodically organizes a divide et impera in Europe.
@@huskydogableHalf of the policies causing recession in Germany are influenced by Auntie Sam and Germany has no choice to oblige and follow them.
But yeah lets keep fooling ourselves by saying Auntie Sam has no involvement for the recession.
USA is not the problem Russian bots .. :p
@@huskydogable my american dude, this a russian bot comment... think pls
There’s a lot of factors. Immense bureaucracy, incredibly high taxes and unrealistic laws that put a lot of pressure on smaller/ middle sized businesses. Also there’s a general apathy to change.
Germany needs skilled labour ❌ cheap labour 💯.
Germany should get more inclined towards digitalisation, fax machine, Banking sector still in 1960s won't work.
European countries are bad situation and everything is expensive and life in Europe now are very bad economy and big companies are leaving and a lot of people lost jobs and everything is expensive 💔💔💔
Over dependent on export for growth
Angela Merkel's legacy
She destroyed Germany
My thought exactly. The same policy was applied to Greece after pressure by her administration. Another country destroyed.
@@Xyz41974 And weakened all Europe.
Is this the woman whose phone was tapped by American intelligence? Good friends!😂
+ the long creepy arm of Gerhard Schröder I would add
all thanks go to USA and Zios
You didn’t mention Russian economy. Did you forget?😂
What about Russian economy? I live in russia as a foreigner for the past 10 years. It's not looking here as well. Don't go for the Google statistics. I'm talking about the real issues. If you want we can debate here. If UA-cam allows me to tell the truth and don't remove my comment. I'll explain to you what issues are we facing here in Russia.
@@luciferjohnson8495 i am from bangladesh . i want to know the truth .
@@luciferjohnson8495 i think what you can bring to the table are anecdotal evidence... those are quite worthless in the grand scheme of things.. besides, ill be honest i don't even think you live in Russia ... but i am speculating
@@ZayedJim my friend was from Bangladesh as well. He left Russia last year for France. Go ahead ask me any questions you want and I'll answer them honestly.
@@leonardoorellano6652 and I' wasn't gonna give you Google statistics I was gonna debate with you logically with the real life experience I have had these past 10 years. But it's okay whatever makes you happy my guy.