4 ms·
Germany is much worse than the US. Huge inflation with a microscopic salary increase and unlike FED, European central bank doesn't do anything at all to fight i
by f23f23f23f23f 4y ago
Germany is much worse than the US. Huge inflation with a microscopic salary increase and unlike FED, European central bank doesn't do anything at all to fight inflation (except increasing interest rates to laughable 0.25% - 7x lower than in US). Basically, ECB want to devaluate Euro, so that our salaries can be even lower than in China.
- moonocle 4y agoInflation in Germany is different than inflation in the US. We have huge supply side issues because of the war in Ukraine The US just printed a lot of money. They are both inflation but very different kind. In the case of US the money supply changed A LOT, while in the case of germany the cost of goods changed.
- mardifoufs 4y agoYou realize the ECB has probably "created" just as much money through their sovereign bond purchases than the FED? If anything, the ECB has been much much less conservative about it's monetary policy than the FED, and that has been true for years. Just look at the rates.