This is the problem with shit takes like this, sure the gas is 100%. But how much did they pay for it, compared to last years? Is that cost sustainable? What will be the repercussions to production? How many facilities will have to shutdown, or be moved elsewhere (china/US)? What will happen with future productional investment in eu/germany? Stupid retarded takes, based on a number "100% filled" that doesn't mean shit. A fuckton of raw materials came in from russia, where will they get those now? How much more will they pay for it?

What damage will this do to german production competitiveness? .

This post was edited by ownyaah on Nov 15 2022 09:28am

motherfucker orc launch 100 missile, burn in hell orc
donate 10,000 zloty to Ukraine force tomorrow

It will screw German production competitiveness over big time. The raise of American interest rates have seen funds from Europe, China and South East Asia moving back the the US. It literally is screwing EU over.
The effect will come in soon.

For germany economy a "winter mini-recession" may happend, then situation should not “normalize” until 2024 with growth of 1.8%.

Would not follow comments from a Trolls or anti-west agents.

We will see, in the coming 24 months how hard the industry has been hit.

Today was actually a very funny day.
This is for the China situation.
Usually there are two ways of moving funds in and out of China. The official way to move out of China via the local banks you will be taxed around 25 to 30%.
The other way is via remittance houses in Hong Kong which I do in Hong Kong.
The average difference in percentage is anywhere between 1.8% to 2.5% difference from the Selling Rate that is indicated in China Banks and you can move your money out ( This is for personal accounts ).

For the past week or so, you need to pay a difference of 4 to 4.5 % in order to move money out from China to elsewhere. This happens when the money moving into China is alot less than the money moving out.
Businesses are actually waiting for the current G20 and the next Apec meeting in Bangkok to end.

Outflow of money from China to USA have been increasing lately to a tipping point. But all could change depending on this two major meetings.
Hopefully RMB can rise against the dollar in the next coming couple of weeks , if the American government can come to some agreement.

There is also a close door meeting between Biden and Xi in regards to Ukraine and Taiwan issue ( Source from my Singapore ambassador contacts ) My Prime minister was at the G20 although my country is not one of the members.
We are still thinking what the final results will be.

no peace just burn orc now
energy power station only said rusia but resident apartment burn
we have to give ukraine drone we buy

I've been saying for months that Russia's tampering with the gas tap will spur a reorganization of global energy markets which will take some time. Prices predictably soared in the short term because of the chaos and uncertainty, and because a proper gas shortage in Europa during the winter seemed like a realistic possibility. Since then, prices have predictably come down again, but are still higher than before the outbreak of the war. Simply put, we don't know yet where prices will settle in the long term, i.e. how much higher the costs are which have to be sustained in a post-war future. Or how well Europe's industry will cope with the higher prices.

And of course Russia won't be able to sustain the current losses in their economy indefinitely either. I still stand by my prediction that gas trade with Europe will be resumed at a lower volume once the war in Ukraine ends. It's just far too beneficial for both sides.

Here's a chart for TTF futures, which are generally considered to be a benchmark for European gas prices:


It currently stands at $113, compared with $75 before the outbreak of the war. That's still very high, but much lower than during late summer. A lot will depend on where it ultimately settles, i.e. if the current downward trend continues or if the line flattens out.

Chinese markets have been seriously unstable over the last 12 months or so, but xi ping went out with support for the property crisis so today stabilized a bit (4%+). Lets hope there is more internal support for markets (considering xi's last 24 months of regulations against fintech etc).

The economical conflicts between china/US aren't gonna die down, even if they do it will be temporary. I wouldn't have too much hope.