European Economics Thread

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ansy1968

Brigadier
Registered Member
luminary said:
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DW




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International Affairs

Meat, cheese and confectionery are among the items being stolen in large quantities from shops and lorries in order to be sold to people hit by the cost of living crisis.

With food prices rising, figures in policing, retail and academia said action was needed to stop people exploiting the rising demand for stolen food.

Retailers are reporting a record year for shoplifting, costing the industry £1bn this year, according to the British Retail Consortium’s estimate. Home Office data shows the crime has reached the highest level since records began, while the proportion of shoplifting incidents that resulted in a charge has fallen.

Andrew Goodacre, the chief executive of the British Independent Retailers Association said the cost of living crisis had made people “think of alternative ways of sourcing items that are essential to them”. He said shops that had not faced shoplifting in the past were reporting thieves clear whole shelves in seconds.

“I think that’s because the black market has got so much bigger,” he said.
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Robin Hood? I thought he was destined in folklore BUT never expect him to come to life in modern times. ;)
 
X

xypher

Senior Member
Registered Member
gelgoog said:
Germany used to generate more electricity in 2006 with nuclear than they now generate with wind (both onshore and offshore). And the nuclear power plants can operate during the whole day and regardless of weather. The nuclear power wasn't imported dirty energy either.

Yet they closed down the nuclear power plants which could have operated for another 20 years with proper maintenance and refurbishment.

View attachment 123250

This is without accounting for the closure of the nuclear power plants in East Germany like the ones at Greifswald. They were newer than the ones that the Russians still operate at the Kola peninsula today which aren't expected to shut down until 2033.

All I see is a massive destruction of capital to get some political brownie points.
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Yeah, the whole nuclear hysteria in Germany is really-really dumb and is one of the reasons why Germany was hit so hard by the energy crisis. Good for China tho, hope they keep self-sabotaging themselves further - I think 34.7 TWh from the nuclear plants is too much, should decrease to 0.
 
O

Overbom

Brigadier
Registered Member
ficker22 said:
I only see one red number, so it must be great for european PMI /s
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FT: Germany BEATS expectations as manufacturing SOARS towards path to RECOVERY

Look into Reuters. When China's official manufacturing PMI hit 49:
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China December factory contraction deepens, more stimulus on the cards​

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When Germany's PMI is 43.3:
IMG_20240102_143741.jpg
 
BoraTas

BoraTas

Captain
Registered Member
Overbom said:
FT: Germany BEATS expectations as manufacturing SOARS towards path to RECOVERY

Look into Reuters. When China's official manufacturing PMI hit 49:
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When Germany's PMI is 43.3:
View attachment 123345
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Expected China recovery is what they made up in their minds BTW. They expect a printing frenzy for some reason. China's growth was fully in line with what the govt put as the goal at the start of the year, which was still way above the global average. Maybe, just maybe, they should have listened to the government of China rather than Bloomberg writers.
 
S

Serb

Junior Member
Registered Member
EU industrial output declined by 5.5% in 2023 compared to 2022 (October year over year latest data I found). Eurozone - a 6.6% decline.

And they have the nerve to criticize the Chinese economy which had industrial growth of 6.6% YoY November 2022-2023.

It's embarrassing how they twist the truth, logic, statistics, shameless people, I mean the entire Western media. Orwellian society-level brainwashing.

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China's industrial output grew 6.6% in November from a year earlier, according to the country's National Bureau of Statistics Friday.
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1704357225227.png
 
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