Germany in Recession / Broken Promises and Perspectives
for investors
Itzehoe (ots) – Children should be better off than their parents – for a long time
This generation promise applies in Germany, says Jörg Wiechmann. Now
it threatens to be broken, says the managing director of the Itzehoer Aktien Club
(IAC) with a view to economic development. And he explains why himself
at least investors need not worry.
The chancellor dreams of an upswing, the vice chancellor would rather be climate than
Economics Minister and mainly busy with his heating law,
criticizes Wiechmann. Then the Federal Statistical Office reports: Germany is in
the recession. “Not only as an economist, but also as a citizen with a healthy
Common sense has been seen for a long time: It’s okay with Germany
economically downhill, our prosperity is falling,” states the IAC expert.
One of the main reasons is energy policy: nuclear power plants shut down,
Coal phase-out planned, no adequate and reliable replacement by yet
renewable energies and thus the highest electricity prices worldwide. Second: the
Education policy: The clever minds are Germany’s most important raw material.
“But there are problems with the youngsters,” says Wiechmann, pointing to serious problems
Difficulty reading in fourth graders and the world’s second-to-last place
digital learning.
He also sees migration policy as being on the wrong track: Germany is indeed
an immigration country – but unfortunately because of high social benefits more for
Non-skilled workers, thanks to the world’s second highest tax burden
hardly for high-earning skilled workers. This tax and social policy is demotivating
also local specialists and top performers, if they are in Germany
stayed. “Our social benefits, which are high in international comparison, are
consequently no recipe for individual effort and resulting
economic upswing for everyone, but redistribution policy in the sense
economic shortage management,” says the IAC managing director.
Politically, he sees the wrong course, but the German has
Stock market barometer DAX just reached a record level, the dividends
German stocks have risen to a record high. Wiechmann explains it this way:
“Germany as a business location and German corporations are two different pairs
Shoes.” BMW, Mercedes, Bayer and BASF relocated their business activities to
Abroad, if local conditions at home deteriorated, anyway
they earned their money worldwide. Conclusion: “The economic downward path
That’s why we as shareholders – as citizens of this country – don’t care about Germany
however not.”
Press contact:
Nils Petersen
fund manager
Phone: +49 4821 6793-36
Fax: +49 4821 6793-19
Email: mailto:[email protected]
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OTS: Itzehoer Aktien Club GbR