Deindustrialization means less manufacturing. Less manufacturing means more service companies means smaller profit margins.
25 Feb 2023, 13:31
👉 Deindustrialization means less manufacturing
👉 Less manufacturing means more service companies means smaller profit margins
👉 Smaller profit margins mean fewer tax revenues for the Government
Mmm. Who plans to pay back all the German / EU debt? 🤔
Time for #Bitcoin?
Good morning from Germany where deindustrialization continues. In Q4, private investment in machinery & equipment fell by 3.6%QoQ as many comps moved abroad. BASF re-evaluates its EU footprint, plans to cut 2600 jobs in GER & move to China, blaming EU overregulation&energy prices