... three pence from continental Europe: I have the feeling that my country (Germany) is talked into recession. Sure, the car industry and their suppliers are in trouble but this is mainly their own fault and would have occured sooner or later anyway. I personally don't know anybody who became unemployed this year or whose business runs on a critical level. 2008 was the best year my company (music industry) ever had - but if the media continues to paint everything that black, our ecomomy will follow soon ...
The whole stinking thing is mental. Banks are afraid to give loans, businesses are afraid to buy, people are afraid to buy stocks...it's all mental but it is one BIG mental machine that is very difficult to influence with anything.
Bailouts and buyouts are like mental drugs. They can't eradicate the problem but they hope they can keep the lows from being AS low.
