As figures show Britain is booming, confidence in the German economy is wobbling after firms 'fall into a summer slump'

Germany's economy has been hit by Britain's vote to leave the EU, according to a key survey of business confidence as experts said firms had 'fallen into a summer slump'.
And there is more bad news on the horizon for Angel Merkel, with analysts forecasting weaker growth for Germany's economy in 2017.
But while the German economy suffers a wobble, there was further evidence today that the British economy is bouncing back from its short post-Brexit slump.
Retailers reported their strongest sales in six months this month - recovering the initial slump seen after the Brexit vote and sending the UK's high street booming.



http://www.dailymail.co.uk/news/article-3758116/So-s-Germany-desperate-stop-Brexit-German-economy-falls-summer-slump-amid-warnings-weaker-growth-year-Britain-s-EU-exit.html

Meanwhile, the housing market is crashing like it's 2008 ...

And I'm gonna party like its 1999

Real reason is that Germany now have all those lovely hard working and highly skilled 'migrants' to pay for...


Plus the fact that for years the Germans have done so very well because of the euro and it being a vastly undervalued currency for their country's economy, meaning effectively that they were able to produce and sell stuff cheaper than what would otherwise have been had they still had the deutsch mark... while it has acted as a strangle hold on so many other euro using countries around them, choking off their economies all this time as the euro has been an overvalued currency for their economies and having the opposite and detrimental effects...


Many of Germany's close neighbours are so financial stuffed now because of the euro and the huge costs of eu legislation and regulations etc, that they simply can't afford to buy anywhere near as much as they could any more... so inevitability, Germany's economy will reflect this!



And uk housing costs have been spiraling upwards out of control for nearly 20 years!!!


This is completely unsustainable!!!


A major sign of huge government mismanagement and economic incompetence over this time.

Ben Reilly wrote:Meanwhile, the housing market is crashing like it's 2008 ...

Nothing new in the UK. This happens all the time.

BRITAIN is "booming"  ???

Tell that to all of your long term unemployed, all those who can't find a home, or those disabled and seriously ill who are thrown off benefits and told they should be in a job..

Such claims by such ignoramuses only goes to show how many delusional people like to follow the right wing/financier controlled propaganda services over there  !        

You talk bollocks, almost as much as that other prat veya!

nicko wrote:
You talk bollocks, almost as much as that other prat veya!

.
          JUST CONSIDER the evidence, nicko...

The conservative/financier controlled parts of the mass media (i.e. newspapers, TV, radio, internet blog sites..) deliberately 'cherry pick' the actual data, concentrating on those sectors that may actually be booming at this time (e.g. banking, technology, exports..),  while trying to ignore those underlying problems that won't go away -- such as housing, construction, resources, long term unemployment, too much of that casualisation of the workforce along with fraudulent "zero hour contracts", welfare cutsmfor the most needy, government incompetence with finances and long-term debt, not cracking down on corporate crimes --  where many of the negatives are easily negating the apparent "boom" that the money men want you to believe in..          

AS WITH many other "advanced" first world economies  (like Australia, Canada, Japan, New Zealand, and a handful of others..), Britain is experiencing a 'Two Speed', or even three speed, economy --  where certain sectors are racing ahead of the pack, and making things look rosier than they really are --  but only a minority of the population is actually better off, while most people are barely standing still, and many have actually been going backwards over the past few years.        

FOR AN explanation of the notion of "The Two Speed Economy", :

https://thefresheconomist.wordpress.com/2012/04/20/two-speed-economies-what-you-should-know/

http://theconversation.com/au/topics/two-speed-economy-1302

http://www.wsj.com/articles/chinas-two-speed-economy-1457110331

http://www.businessinsider.com.au/job-ads-growth-shows-australias-two-speed-economy-has-gone-full-circle-2015-5