Tag Archives: Germany

The capital markets are in their own doom loop. Poor data from  Germany and China, coupled with the escalation of the US-China trade dispute and rising tensions in Hong Kong spur concerns about the risks of a global recession. Interest rates are driven lower, and curves flatten or go inverted, spurring more concern about the outlook. The problem is that it is not clear how this vicious cycle ends. To be sure, the end is conceivable but it seems beyond which the...

German real GDP shrank in the second half of the year, reinforcing our view of a significant ECB action in September.The German economy shrank by 0.1% quarter-on-quarter (q-o-q) in Q2. Today’s report contained some positives news, notably regarding the resilience of domestic demand.Nevertheless, the ongoing trade disputes between China and the US, China weakness, the threat of auto tariffs and the threat of a no-deal Brexit to supply chains, in addition to the auto sector’s own issues are...

What if Germany’s economy falls into recession? Unlike, say, Argentina, you can’t so easily dismiss German struggles as an exclusive product of German factors. One of the most orderly and efficient systems in Europe and all the world, when Germany begins to struggle it raises immediate questions about everywhere else. This was the scenario increasingly considered over the second half of 2018 and the first few months of 2019; whether or not recession. Over the past...

The popular image of the German industrial machine politics is one which has Germany’s massive factories efficiently churning out goods for trade with the South of Europe (Club Med). Because of the common currency, numerous disparities starting with productivity differences had left the South highly indebted to the North just as the Global Financial Crisis would strike. The aftermath of that crisis, particularly the...

Swiss Franc The Euro has risen by 0.12% at 1.1099 EUR/CHF and USD/CHF, June 24(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Trump-Xi meeting at the G20 this coming weekend and heightened tensions in the Gulf, with the US set to impose new sanctions on Iran’s crippled economy are keeping investors on edge. News the opposition won the re-do of the...

Swiss Franc The Euro has fallen by 0.32% at 1.1199 EUR/CHF and USD/CHF, June 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After roiling the markets by threatening escalating tariffs on Mexico, US President Trump has threatened China that if Xi does not meet him and return to the positions that the US claims it had previously, he will through on imposing...

Swiss Franc The Euro has fallen by 0.11% at 1.1261 EUR/CHF and USD/CHF, May 20(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Encouraged by the election results, investors bid up Indian and Australian currencies and equities. Japan offered a pleasant surprise by reporting the world’s third-largest economy expanded in Q1. Most other equity markets in Asia...

It was a startling statement for the time. Mario Draghi had only been on the job as President of the European Central Bank for a few months by then, taking over for the hapless Jean Claude-Trichet who was unceremoniously retired at the end of October 2011 amidst “unexpected” chaos and turmoil. It was Trichet who contributed much to the tumult, having idiotically raised rates (twice) during 2011 even as warning signs of...

In the NZZ, Thomas Hürlimann reviews his experience as a patient in Swiss and German hospitals. Top: Stans, Prof. Dr. Bachmann. Flop: Baar, Berlin Friedrichshain.

In the NZZ, Thomas Hürlimann reviews his experience as a patient in Swiss and German hospitals. Top: Stans, Prof. Dr. Bachmann. Flop: Baar, Berlin Friedrichshain.