{"id":204822,"date":"2020-03-31T07:21:30","date_gmt":"2020-03-31T07:21:30","guid":{"rendered":"http:\/\/www.thetruthseeker.co.uk\/?p=204822"},"modified":"2020-04-02T07:40:35","modified_gmt":"2020-04-02T07:40:35","slug":"german-treasury-secretary-of-hesse-commits-suicide","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=204822","title":{"rendered":"German Treasury Secretary of Hesse Commits Suicide"},"content":{"rendered":"<h1 style=\"text-align: center;\">Martin Armstrong &#8212; Armstrong Economics March 29, 2020<\/h1>\n<p><span style=\"color: #ccffff;\">It is with deep regret that the German Treasury Secretary of the federal state of Hesse, Thomas Sch\u00e4fer, killed himself on March 28th, 2020. He oversaw Hesse\u2018s biggest city, Frankfurt, where we would hold our conferences and it remains the European capital for international banks. I know he was deeply concerned that this Coronavirus-Crisis was being used to destroy the economy. Thomas understood what was taking place and also understood he would not be able to deal with the absurd expectations of the general public about financial relief that was being pushed over a crisis that did not appear to warrant such a reaction.<\/span><\/p>\n<p><span style=\"color: #ccffff;\">Thomas was one of the good guys. My deepest condolences to his family. I understand his pessimism for what is to come post-Coronavirus. It is extremely difficult to watch something unfold and be unable to do anything to stop the momentum. Suicide becomes the option when it is just easier to leave than it is to stay.<\/span><\/p>\n<p><a href=\"https:\/\/www.armstrongeconomics.com\/armstrongeconomics101\/economics\/german-treasury-secretary-of-hesse-commits-suicide\/\">Source<\/a><\/p>\n<h1 style=\"text-align: center;\">German government advisors: Recession in 1H 2020 is unavoidable<\/h1>\n<h2 style=\"text-align: center;\">Haresh Menghani \u2013 FX Street March 30, 2020<\/h2>\n<p><span style=\"color: #ccffff;\">The German council of economic advisors offered their take on the economic fallout from the coronavirus outbreak and warned of the deepest recession since 2009.<\/span><\/p>\n<h3>Key points:<\/h3>\n<ul>\n<li><span style=\"color: #ccffff;\">The virus outbreak has put an end to the incipient economic recovery.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">Recession in 1H 2020 is unavoidable.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">The German economy will shrink significantly this year.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">The baseline scenario is the economy to shrink by 2.8% this year and grow by 3.7% in 2021.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">The baseline scenario is for the economic situation to normalise over the summer.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">The second scenario involves a V-shaped trajectory with widespread production halts.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">That will see the economy shrink by 5.4% this year and grow by 4.9% in 2021.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">The third scenario involves a U-shaped trajectory where recovery begins next year.<\/span><\/li>\n<li><span style=\"color: #ccffff;\">That will see the economy shrink by 4.5% this year and grow by 1.0% in 2021<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.fxstreet.com\/news\/german-government-advisors-recession-in-1h-2020-is-unavoidable-202003300925\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This does NOT auger well as economists warn that the German economy will \u201cshrink significantly\u201d in the wake of the Covid-19 crisis <\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[105,58,66],"tags":[],"class_list":["post-204822","post","type-post","status-publish","format-standard","hentry","category-coronavirus","category-Current_Affairs","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/204822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=204822"}],"version-history":[{"count":3,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/204822\/revisions"}],"predecessor-version":[{"id":204914,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/204822\/revisions\/204914"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=204822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=204822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=204822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}