Holger Zschaepitz(@Schuldensuehner):Good Morning from Germany, where the love affair w/the bank account continues. Retail deposits have hit a fresh record of €3.027tn, up another €9bn since June. Germans may worry about inflation, markets and politics but they keep piling more money into their deposits. At least on avg, households should have plenty of liquidity ready when Germany’s new Altersvorsorgedepot, a kind of German 401(k), launches in Jan 2027.

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

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Holger Zschaepitz@Schuldensuehner

2026.09.18 08:19

Good Morning from Germany, where the love affair w/the bank account continues. Retail deposits have hit a fresh record of €3.027tn, up another €9bn since June. Germans may worry about inflation, markets and politics but they keep piling more money into their deposits. At least on avg, households should have plenty of liquidity ready when Germany’s new Altersvorsorgedepot, a kind of German 401(k), launches in Jan 2027.