Berlin: Industry Collapses, Dragging Economy into Recession
German business activity contracted at the fastest pace for more than 3 years in August, S&P Global data shows
The country’s PMI slumped from July’s 48.5 to 44.7, hitting its lowest since May 2020 and confounding analysts' expectations for a reading of 48.3. Any number below 50 indicates contracting output
Business activity in the services sector contracted for the first time in 8 months as its reading fell to 47.3 from 52.3, marking a 9-month low. The manufacturing PMI remained near the lowest levels of 2009 (fin. crisis) or 2020 (Covid-19) and slightly rose to 39.1 in August from 38.8 in July
Energy-intensive industries are worried about their production reliability in Germany, adding to the price developments amid record inflation levels
#Germany #Economy #FindTruth
@uinhurricane
German business activity contracted at the fastest pace for more than 3 years in August, S&P Global data shows
The country’s PMI slumped from July’s 48.5 to 44.7, hitting its lowest since May 2020 and confounding analysts' expectations for a reading of 48.3. Any number below 50 indicates contracting output
Business activity in the services sector contracted for the first time in 8 months as its reading fell to 47.3 from 52.3, marking a 9-month low. The manufacturing PMI remained near the lowest levels of 2009 (fin. crisis) or 2020 (Covid-19) and slightly rose to 39.1 in August from 38.8 in July
Energy-intensive industries are worried about their production reliability in Germany, adding to the price developments amid record inflation levels
#Germany #Economy #FindTruth
@uinhurricane
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Fears of disruption at sites that generate about 10% of the world’s liquefied natural gas flows, operated by Woodside and Chevron, off Western Australia has rocked energy markets sending prices in Europe up 40% last week
Labor unions warned that industrial action could start as soon as Sept. 2 if no deal is reached in pay talks. ANZ Banking Group Ltd. commodity strategist Soni Kumari comments on the ultimatum: “Any scramble for replacement volumes could prompt a bidding war”
Amid refusal from Russian supplies, a prospect of strikes is keeping traders in Europe on edge. Meg O’Neill, chief executive of Woodside, says the market reaction to the prospect of strikes is “fairly irrational” and a clear sign of its fragility, shortly before the European winter
#EU #Economy #FindTruth
@uinhurricane
Labor unions warned that industrial action could start as soon as Sept. 2 if no deal is reached in pay talks. ANZ Banking Group Ltd. commodity strategist Soni Kumari comments on the ultimatum: “Any scramble for replacement volumes could prompt a bidding war”
Amid refusal from Russian supplies, a prospect of strikes is keeping traders in Europe on edge. Meg O’Neill, chief executive of Woodside, says the market reaction to the prospect of strikes is “fairly irrational” and a clear sign of its fragility, shortly before the European winter
#EU #Economy #FindTruth
@uinhurricane
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Sexism vs. Socialism
President of the Spanish football federation Luis Rubiales apologized for forcefully kissing the forward Jenni Hermoso during post-match celebrations
However, the incident’s prompted further criticism that comes out of woodwork “for inappropriate conduct in a sport”. Even Pedro Sánchez, the country’s still-acting PM, said it was “unacceptable” and called Rubiales’ apology “inadequate”, saying he must “take further steps to clarify his behavior”
Officials from Sánchez’s socialist-led govt say that such type of behavior (meaning a man kissing a woman) is in “the polar opposite of what the progress of the Spanish sport that has struggled to overcome sexism represents.” If the prominent ex-footballer kissed a transgender player or at least an ordinary male, this would finally pave the way for true Spanish democratic socialism!
#Spain #FindTruth
@uinhurricane
President of the Spanish football federation Luis Rubiales apologized for forcefully kissing the forward Jenni Hermoso during post-match celebrations
However, the incident’s prompted further criticism that comes out of woodwork “for inappropriate conduct in a sport”. Even Pedro Sánchez, the country’s still-acting PM, said it was “unacceptable” and called Rubiales’ apology “inadequate”, saying he must “take further steps to clarify his behavior”
Officials from Sánchez’s socialist-led govt say that such type of behavior (meaning a man kissing a woman) is in “the polar opposite of what the progress of the Spanish sport that has struggled to overcome sexism represents.” If the prominent ex-footballer kissed a transgender player or at least an ordinary male, this would finally pave the way for true Spanish democratic socialism!
#Spain #FindTruth
@uinhurricane
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German Machine Industry Threatened w/ Extinction
Berlin continues to dramatically lose ground in the competition for market share among machine manufacturing industry, the latest economic survey shows
"In sales markets outside the EU, Germany is losing momentum in particular against China," says Nicolas Bunde, industry expert at the ifo Institute. The survey score for the competitive position fell to -14.3pts, after -7.3 in April – this is the lowest level since records began in July 1994
Such situation is the firstlings of the chaotic&inept policy of the "Green" minister for economic affairs and climate action Robert Habeck who, together w/ his Scholz’s cabinet colleagues, is doing his best on Germany’s de-industrialization
#Germany #Economy #FindTruth
@uinhurricane
Berlin continues to dramatically lose ground in the competition for market share among machine manufacturing industry, the latest economic survey shows
"In sales markets outside the EU, Germany is losing momentum in particular against China," says Nicolas Bunde, industry expert at the ifo Institute. The survey score for the competitive position fell to -14.3pts, after -7.3 in April – this is the lowest level since records began in July 1994
Such situation is the firstlings of the chaotic&inept policy of the "Green" minister for economic affairs and climate action Robert Habeck who, together w/ his Scholz’s cabinet colleagues, is doing his best on Germany’s de-industrialization
#Germany #Economy #FindTruth
@uinhurricane
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Forwarded from Disclose.tv
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NEW - During the Cold War, the CIA compromised some 400 American journalists under Operation Mockingbird. Today it is still alive and the CIA is the biggest funder of "journalism" in the world, says Robert F. Kennedy Jr.
@disclosetv
@disclosetv
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From Bidenomics To Bidenflation
President Biden’s policy of pouring debt on the American people and increasing deficit spending is creating a crisis of affordability. People have jobs — they just can’t afford to pay for anything, Newt Gingrich says
Inflation’s increased 16.9% since Biden’s inauguration, making him second only to Jimmy Carter in modern inflation rates from inauguration to July of their third year in office (3X Donald Trump’s Presidential Inflation Rate in the same timeframe), a Winston Group analysis shows
Food prices under Biden have gone up 19.4%, the price of electricity – up 25.6%, gasoline prices – up 53.4%!
Bidenomics’s fueling Bidenflation and creating a crisis of affordability for most Americans. U may have a job – but u’ve not likely had a pay raise. Meanwhile, the cost of everything you buy’s gone up
#USA #Biden #Economy #FindTruth
@uinhurricane
President Biden’s policy of pouring debt on the American people and increasing deficit spending is creating a crisis of affordability. People have jobs — they just can’t afford to pay for anything, Newt Gingrich says
Inflation’s increased 16.9% since Biden’s inauguration, making him second only to Jimmy Carter in modern inflation rates from inauguration to July of their third year in office (3X Donald Trump’s Presidential Inflation Rate in the same timeframe), a Winston Group analysis shows
Food prices under Biden have gone up 19.4%, the price of electricity – up 25.6%, gasoline prices – up 53.4%!
Bidenomics’s fueling Bidenflation and creating a crisis of affordability for most Americans. U may have a job – but u’ve not likely had a pay raise. Meanwhile, the cost of everything you buy’s gone up
#USA #Biden #Economy #FindTruth
@uinhurricane
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Forwarded from Candace Owens On Fire🔥
Great job, @ VivekGRamaswamy ! It was always inevitable.
I remember when everyone laughed at me when I platformed him when he was polling at less than 1%.
Not enough donors in the world to make Desantis interesting. Sorry I told you the truth.
https://nypost.com/2023/08/19/desantis-slips-ramaswamy-surges-into-second-place-tie-poll/amp/
Join @CandaceOnFire!
I remember when everyone laughed at me when I platformed him when he was polling at less than 1%.
Not enough donors in the world to make Desantis interesting. Sorry I told you the truth.
https://nypost.com/2023/08/19/desantis-slips-ramaswamy-surges-into-second-place-tie-poll/amp/
Join @CandaceOnFire!
New York Post
DeSantis slips, Ramaswamy surges — with Trump far ahead in latest...
But both Republicans are trailing far behind former president Donald Trump, who leads them both by a 46% margin, the Emerson College poll found.
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Douglas Macgregor Has a Dig at Post-Ukraine, Oligarchs, Zelenskiy&Co.
Colonel Douglas Macgregor vs. Tucker Carlson:
💰 Zelenskiy&his friends’re anxious at some point to retire to their estates in Florida/Venice/Cyprus to collect on the billions they’ve managed to siphon from all the aid the U.S. provided
🇺🇦🇲🇽It’s hard to believe, but Ukraine is more corrupt than Mexico
🌽BlackRock&Co. have their eyes on the fertile post-Ukraine ground setting up a big effort to get control of that
🇺🇸Transvestite comedian Zelenskiy was picked up by Ukr. oligarch Kolomoyskyi, the biggest moneybag for Nazi Azov regiment, and blessed then by U.S. DOS’ Victoria Nuland
#Ukraine #FindTruth
@uinhurricane
Colonel Douglas Macgregor vs. Tucker Carlson:
💰 Zelenskiy&his friends’re anxious at some point to retire to their estates in Florida/Venice/Cyprus to collect on the billions they’ve managed to siphon from all the aid the U.S. provided
🇺🇦🇲🇽It’s hard to believe, but Ukraine is more corrupt than Mexico
🌽BlackRock&Co. have their eyes on the fertile post-Ukraine ground setting up a big effort to get control of that
🇺🇸Transvestite comedian Zelenskiy was picked up by Ukr. oligarch Kolomoyskyi, the biggest moneybag for Nazi Azov regiment, and blessed then by U.S. DOS’ Victoria Nuland
#Ukraine #FindTruth
@uinhurricane
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Forwarded from The Truth About Vaccines
How the Hell is it possible that Governments have already hired Personnel for Lockdowns starting mid-September…purchased ‘Testing and PPE’…bought the Propaganda…and magically have a ‘vaccine’…for a ‘virus’…that they have not yet confirmed? Is this a fucking joke?
https://twitter.com/liz_churchill10/status/1693975796874969585
https://twitter.com/liz_churchill10/status/1693975796874969585
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U.K. Faces Fall-Off, Firms Feel the Shock of Higher Rates
British service industries report pressures from the cost of living crisis that have made the monthly composite PMI fall from 50.8 in July to 47.9 in August, showing the worst performance since January 2021 and below the 50 threshold that separates growth from contraction
That’s a worrying indication of where the economy is heading w/ little chance of official GDP estimates staying positive if the latest sombre PMI marks the beginning of a longer trend. Output is already flat, growing just 0.2% in the three months to June
Analysts at Citi, American investment bank, think Britain is heading for a recession next year. Such a gloomy forecast makes markets expect 2, instead of 3, more rate rises this year to a high of 5.75%. No problem, taxpayers will meet a bill!
#UK #Economy #FindTruth
@uinhurricane
British service industries report pressures from the cost of living crisis that have made the monthly composite PMI fall from 50.8 in July to 47.9 in August, showing the worst performance since January 2021 and below the 50 threshold that separates growth from contraction
That’s a worrying indication of where the economy is heading w/ little chance of official GDP estimates staying positive if the latest sombre PMI marks the beginning of a longer trend. Output is already flat, growing just 0.2% in the three months to June
Analysts at Citi, American investment bank, think Britain is heading for a recession next year. Such a gloomy forecast makes markets expect 2, instead of 3, more rate rises this year to a high of 5.75%. No problem, taxpayers will meet a bill!
#UK #Economy #FindTruth
@uinhurricane
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Countries’ Reckless Wasting Instead of Wise Energy Trade
Global govts’ subsidies for fossil fuels rose by $2T over the past two years to provide a record $7T last year as politicians scrambled to protect consumers from the surging cost of oil and gas after refusal from Russia’s supplies, International Monetary Fund (IMF) found
Total spending on such rainy-day fund for oil, gas and coal reached 7.1% of global GDP in 2022, more than was spent on education (4.3%) and just under the 11% spent on global healthcare
The vast fiscal outlay comes despite international pledges to reduce greenhouse gases and limit global warming to 1.5 degrees over the next decades. But European govts are back in square one as they’ve resorted to emergency price controls for energy bills after their price cap for Russian fuels triggered a surge in wholesale costs of 80% in six months
Poorest face rising energy bills despite price cap fall
#Economy #FindTruth
@uinhurricane
Global govts’ subsidies for fossil fuels rose by $2T over the past two years to provide a record $7T last year as politicians scrambled to protect consumers from the surging cost of oil and gas after refusal from Russia’s supplies, International Monetary Fund (IMF) found
Total spending on such rainy-day fund for oil, gas and coal reached 7.1% of global GDP in 2022, more than was spent on education (4.3%) and just under the 11% spent on global healthcare
The vast fiscal outlay comes despite international pledges to reduce greenhouse gases and limit global warming to 1.5 degrees over the next decades. But European govts are back in square one as they’ve resorted to emergency price controls for energy bills after their price cap for Russian fuels triggered a surge in wholesale costs of 80% in six months
Poorest face rising energy bills despite price cap fall
#Economy #FindTruth
@uinhurricane
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Eurozone Downturn Deepens, Euro Falls on Gloomy PMI
Germany’s recession has made eurozone business activity decline far more than thought in August, while some inflationary pressures returned
The bloc’s PMI, which is seen as a good barometer of overall economic health, dropped to 47.0 in August from July's 48.6, its lowest since November 2020
Both manufacturing&services sectors reported falling output&new orders, while hiring came close to stalling as companies grew more reluctant to expand capacity in the face of deteriorating demand and gloomier prospects for the year ahead
A rising wage bill also meant inflation in the eurozone rose despite marked disinflation coming from energy and raw materials costs. These pressures may prompt more hawkish ECB rate-setters to push for more monetary tightening
#EU #Economy #FindTruth
@uinhurricane
Germany’s recession has made eurozone business activity decline far more than thought in August, while some inflationary pressures returned
The bloc’s PMI, which is seen as a good barometer of overall economic health, dropped to 47.0 in August from July's 48.6, its lowest since November 2020
Both manufacturing&services sectors reported falling output&new orders, while hiring came close to stalling as companies grew more reluctant to expand capacity in the face of deteriorating demand and gloomier prospects for the year ahead
A rising wage bill also meant inflation in the eurozone rose despite marked disinflation coming from energy and raw materials costs. These pressures may prompt more hawkish ECB rate-setters to push for more monetary tightening
#EU #Economy #FindTruth
@uinhurricane
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