79 sats \ 1 reply \ @TheMorningStar 30 Aug \ on: German Banks Buckle Under Mounting Credit Stress econ
You have great sense of economics! Are you a professional economist?
Here I can see that Banks in Germany are trying to aave a disaster. Banks only raise this mich risk provisions when they an inevitable disaster. Is Germany on the edge of falling in a disaster?
i am an economist (second degree in philosophy and ancient history), manage two small private wealth funds. but i have mostly earned my money as an agency owner in the media sector for over 26 years. on Germany: this is a self-inflicted political crisis, embedded in the eurozone context. What we have been experiencing since the exit from nuclear power, the overregulation and high taxation will all have its consequences in the economic sphere too
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