Data Talks

There are two reasons why Germany is a rich country with poor people:

1. Low home ownership rate

2. Extremely low equities ownership rate

Due to German Angst they put life savings into bank accounts earning negative real yields and spend too much for insurance of all sorts. pic.twitter.com/pj0FCNMeKZ

— Michael A. Arouet (@MichaelAArouet) January 27, 2024