Downward movement of the Dax: stock market downturn, costs, German 100 billion euros

the year is not quite, but the economists of the Fund management company Allianz Global Investors (AGI), have already rolled over once, as the money assets of the developed German 2018. The result is sobering: just two percent of the Germans were able to increase their cash this year, to 6.01 trillion euros. This is the weakest growth since 2011, such as AGI-economist Arne Holzhausen writes.

Tim Kanning

editor in the economy.

F. A. Z.

Alone the weak development in the German stock market proposes to the office: although the Germans are just a nation of shareholders, has the strong pullback in the stock market your money in assets to 100 billion euros, or 2 percent shrink. As this newspaper had reported on Friday, has alone yielded to the leading index, the Dax, this year by 20 percent, which corresponded to a decline in the market value of all 30 in a contained business of approximately 275 billion Euro.

it was enough at the end but still positive growth is mainly due to the fact that the German spoken in total in the year 2018 a lot of money, more than every tenth Euro. With 10.3 percent, the saving rate is according to the AGI as high as the last ten years ago.

45 billion Euro loss in purchasing power with Bank deposits and cash

The sum of what have created the German in the expiring year, fresh estimates Holzhausen to 250 billion euros. Behind the robust development in the number of employees and the income standing. But also the increasing political uncertainty is called Holzhausen as a reason that the Germans put more money on bad times.

More than half of the new installations has been produced on saving accounts with banks. Given the current stock market weakness, this saving may appear at first glance make sense, writes Holzhausen. He, however, warns not to consider the Parking of large sums of money as a safe investment. Rather, this cash is lost due to the rising Inflation. The real rate of return on Bank deposits is now slipped sharply in the negative area and is expected to be in 2018, approximately at minus 1.9 percent. In other words: this year Alone, savers with Bank deposits and currency have suffered around 45 billion euros of purchasing power losses, writes Holzhausen. Everything would stay the way it is currently, would halve the value of the deposits in the next 30 years at this rate.