Monday, September 26, 2022

Five German News Stories

 1.  Poll done in Germany.  Nationally, almost 50-percent of Germans think that Scholz is the wrong Chancellor for the job now required.  Only 38 percent agree that he's got the talents for the job.

2.  Nord Stream II pipeline damaged?  Various news stories suggest that there's no pressure on the unit, and it was heavily damaged somewhere on the Baltic floor.  At the same time.....Nord Stream I (the older pipe, same area) is showing no pressure. 

Russians at work?  No evidence, just suggestions.

3.  There's apparently talk of lesser shop hours for the winter period.....going on in Germany.  Part of this is a lesser-heat situation.  Some of this will reflect lesser cash flow going on because people are spending their extra money on heat/electricity.

On grocery stores?  Most run to 8 PM now, and probably one-third of them have a 9 or 10 PM close situation.

For clothing or retail shops?  Most run to 7 PM.  

4.  Shortage of carbonic acid going on (requires natural gas to form).  Affecting soda manufacturing and breweries.  Over the next month or two.....some lesser known brands will halt production.  

5.  A dollar now buys 1.04 Euro.....twenty-year high.  At present pace, I expect the dollar to be nearing 1.12 Euro by mid-December.  

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