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(Yahoo)   German inflation hits double digits for the first time in the Euro Era. Das ist in Ordnung. Alles ist in Ordnung   (finance.yahoo.com) divider line
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    More: Followup, Euro, Monetary policy, Central bank, European Central Bank, Eurozone, Germany, European Union, German inflation  
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177 clicks; posted to Business » on 29 Sep 2022 at 12:41 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



7 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
Mugato [TotalFark]
2022-09-29 12:10:17 PM  
Danka, Herr Biden.
 
Eightballjacket [TotalFark]
2022-09-29 12:18:42 PM  
Not really a big deal.  Germans are known for handling inflation in a rational manner.
 
mcreadyblue
2022-09-29 12:50:24 PM  
3.bp.blogspot.comView Full Size
Time to invest in some wheelbarrows.
 
tudorgurl [TotalFark] [OhFark]
2022-09-29 1:38:35 PM  
Yep. And energy prices are through the farking roof here. My electric bill in March was about 100 Euro for a decent sized home (only one I could get when I PCSed out here) and my gas bill was about 150 Euro. I just got an email from my electric company - next month, electric will be about 250 Euro and my gas for heating will be about 400 euro. So it's gonna be lots of blankets, long sleeves, socks, and taking the laundry to the base to wash for a while. 

farkPTN.
 
BlazeTrailer
2022-09-29 4:30:24 PM  

tudorgurl: Yep. And energy prices are through the farking roof here. My electric bill in March was about 100 Euro for a decent sized home (only one I could get when I PCSed out here) and my gas bill was about 150 Euro. I just got an email from my electric company - next month, electric will be about 250 Euro and my gas for heating will be about 400 euro. So it's gonna be lots of blankets, long sleeves, socks, and taking the laundry to the base to wash for a while. 

farkPTN.


Sounds like it's having the desired effect.
 
Carter Pewterschmidt [TotalFark]
2022-09-29 8:48:41 PM  
It's happening everywhere, inflation, recession, rising interest rates etc, but the Eurozone is not suited for emergency measures. It's twenty separate economies with separate governments and financial policies but tied to one currency and one interest rate. What might be a good interest rate for Germany might be a disaster for Spain and so on. Past economic turbulence has hiat countries like Greece and Ireland hard as they have not got the tools they need to manage their economies.
This is going to get messy.
 
AsparagusFTW
2022-09-29 10:33:33 PM  

Carter Pewterschmidt: It's happening everywhere, inflation, recession, rising interest rates etc, but the Eurozone is not suited for emergency measures. It's twenty separate economies with separate governments and financial policies but tied to one currency and one interest rate. What might be a good interest rate for Germany might be a disaster for Spain and so on. Past economic turbulence has hiat countries like Greece and Ireland hard as they have not got the tools they need to manage their economies.
This is going to get messy.


Big kicker is energy. Priced in USD. They have to dump their currencies to buy dollars which are strengthening (for now). That'll send industry into a death spiral. Higher rates too to fight inflation with their debt to GDP is a blow. A part of me thinks Putin farked with Ukraine not because he really wants it, but to give him a reason to throw a wrench in energy markets to destabilize the west.
 
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