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Update: Germany Still In Recession
22 sats \ 7 comments \ @GhostofTruth 17 Oct 2023 bitcoin
Europe's largest economy, has been grappling with the repercussions of energy price shocks, monetary tightenings, and a global economic slowdown. Recent data points to a potential slight drop in GDP for the third quarter.
However, August data indicates some interesting trends:
Industrial Production: A 0.5% increase compared to the previous month.Construction Sector: A decline of 2.4%.Energy Sector: A decline of 6.6%.Manufacturing Orders: A rise of 3.9%.
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0 sats \ 2 replies \ @RoundaboutStacker 18 Oct 2023
Can someone please tell me how this relates to Bitcoin and why this post is in the Bitcoin thread? I was about to mute the posting person and saw he has a lot of good content otherwise so I'm thinking this was an oversight when posting.
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0 sats \ 0 replies \ @fm 18 Oct 2023
at least is not fucking stupid SPAM...
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0 sats \ 0 replies \ @GhostofTruth OP 18 Oct 2023
There is no sub-thread ''economy'' on this platform. And if You can't see the relation between the economy, geopolitics and Bitcoin I don't know what to say. But I am here to explain if You lile. Or why do You think Saifedean's books on economy or Jeff Booth's explainations of tech adoption are getting a lot of attention in bitcoin cyrcles? This matters!
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0 sats \ 3 replies \ @fm 17 Oct 2023
it just begun.. the rest of europe will follow
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0 sats \ 2 replies \ @GhostofTruth OP 17 Oct 2023
Let's be optimistic: a lot of people will have plenty of time for their families living together again...
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0 sats \ 1 reply \ @fm 17 Oct 2023
haha, true.. if you lack a job you can well be enjoying your family a lot more.. Or not... :)
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0 sats \ 0 replies \ @GhostofTruth OP 17 Oct 2023
Yep
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