Bloomberg News reported that German retail sales for April were disappointing for the second month in a row. Retail sales growth is negative in Germany, adjusted for inflation.The reason: inflation. Consumers in Germany are losing spending power as inflation erodes the value of their earnings.
Sales, adjusted for inflation and seasonal swings, [...]

Warren Buffett is in Germany looking for large acquisitions of German companies. He’s been forced to go global as his size and the US’s competitive position has limited his options in the US. I caught a German-language article from Der Spiegel regarding his activities in Germany. While the article wasn’t particularly revealing, [...]

As I have mentioned in previous posts, the housing bubble was an international phenomenon. As a result, the U.S. subprime meltdown is indeed spreading beyond this limited sector. In the US, expect Alt-A and prime mortgages to feel the pain as the economy suffers recession. However, I would like to turn the [...]

While we all expected house prices to slow and even fall in bubble markets like Ireland, the UK and Spain, it comes as news to me that prices are slowing in Germany as well. I was just in Germany this past month, and while there were economic concerns, the atmosphere felt entirely different than it does in a place like the US.