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Oil refinery in Gelsenkirchen: If raw material prices continue to rise, the global economy will face a problem
Photo: Rupert Oberhäuser / SZ Photo
Germany, the hoard of those who don't like stocks, everyone knows the lawsuit.
Christine Bortenlänger has led them year after year.
But this year the managing director of the Deutsches Aktieninstitut (DAI) can present astonishing numbers: 2.7 million new shareholders were added in 2020;
every sixth German now invests in the stock market, making a total of 12.4 million.
"Germany and the share - a new love story?"
But the liaison is fragile.
It may already have the seeds of failure in it.
Only once in history was the number of German stock savers higher: in 2001, when the Internet bubble burst.
Unfortunately, there are astonishing parallels today to then.
Again, a number of markets are setting records.
The Dax rose within a year from below 8700 to more than 14,000 points.
The prices for commodities such as oil, soybeans, copper and silver are skyrocketing for no plausible reason.
Funds and private individuals are vying for real estate in the world's metropolises.
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