As the calm before the storm settles over Germany, initial figures from the labor market appear unremarkable at the start of the year. A slight uptick, attributed to the seasonal norms of the job market structure, fails to mask the deeper woes concealed beneath the veneer of political media narratives.
For two years, the economy has languished in recession, hemorrhaging €135 billion in direct investments annually, while inflation rears its head in certain regions. Bavaria, for instance, witnesses a month-on-month inflation spike of 0.5%, hinting at a potential 6% annual surge. The European Central Bank's monetary policies, compelled to finance the mounting deficits of Eurozone members, are poised to manifest in Germany's commodity prices.
Consumers, already burdened with exorbitant electricity bills post the destruction of the German energy sector, face grim prospects in offsetting the impending inflationary blow. An intriguing observation arises: amidst purported near-full employment, why do social budgets swell to over €50 billion this year? Who are these invisible entities absent from the labor market statistics? Questions abound, yet Germans are renowned for their astute responses.
I hope they bought Bitcoin
reply
The clear answer is probably people in the energy sector are the ones somehow tied to the invisible entities tied to the labor market stats.
reply