via tomluongo: Germany is the key to the EU economy. This is not news. What is news is that Germany’s economy is in the toilet. Not slowing down…. not hitting some bumps. The Germans are industrial and exporting powerhouses. And the …
by WARREN MOSLER Expect Pre-Earnings Frowns to Turn Upside Down (WSJ) Analysts polled by Refinitiv think earnings per share for companies in the S&P 500 will be down 2% from a year earlier. The number of companies that have had …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But expectations & hopes for the next 6 months rise to less negative. The economic indicator of the Center for European Economic Research (ZEW) in Germany, like other business and financial indicators, has two parts: One …
via axios: While Brexit has captured the world’s attention, the bigger story is happening in Germany. Driving the news: Germany is headed almost certainly for a significant slowdown in growth and very possibly into a recession. Which route the country takes has major …
via bnnbloomberg: (Bloomberg) — Germany’s upper house approved a law making it easier for lenders such as Deutsche Bank AG and JPMorgan Chase & Co. to fire top earners, adding flexibility for Frankfurt to lure financial companies unsettled by Brexit. …
via forbes: Not bearing the burden. At $4 trillion, Germany’s economy is a fifth the size of America’s. But Germany’s military budget isn’t a fifth of America’s military spending. It isn’t even a tenth. In recent years Berlin has spent 1.1% …
by Martin Armstrong The entire AUSTERITY policy of Germany is really oppressing its people to the point that their assets rank nearly the lowest in Europe and below that of even Italy. A German earning just $75,000 annually ends up in the …
Last week in #projectfear: – Piss off Japanese & Chinese; – No closer to Brexit deal; – Labour splits; – TM defeated in pointless vote; – Honda announces closure of plant; – UK econ growth hits 6 yr low; – …
by Shaun Richards Today there only is one topic and it was given a lead in late last night from Japan. There GDP growth was announced as 0.3% for the last quarter of 2018 which sounded okay on its own …
The ECB’s QE make low income households richer…my goodness I feel sorry for anyone who actually believes this garbage.
by Martin Armstrong QUESTION: Mr. Armstrong; Standard Chartered has forecast that Russia will overtake Germany as the world’s fifth largest economy, possibly as early as next year in 2020. Would you care to comment if that is possible? GP ANSWER: It is clear …
With German retail sales having fallen by a considerably bigger margin than expected in December, and a cut in 2019 gross domestic product (GDP) estimates, from Germany’s own Economic Ministry, IGTV’s Jeremy Naylor look at the recession potential for the …
By Tsvetana Paraskova This weekend, Germany became the latest large European economy to lay out a plan to phase out coal-fired power generation, aimed at cutting carbon emissions—a metric in which Berlin has been lagging in recent years. A government-appointed …
by Claudio Grass via Claudiograss.ch Until recently, Germany has been the seemingly unbreakable workhorse that has pulled the European economy back from the brink and kept it ticking along through a myriad of internal and external pressures, as well as political crises, over …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Central-Bank Stimulus Fail: The longer it drags on, the worse it gets? Manufacturing in the powerhouses Germany, Japan, and China took a hit – all of them complaining about exports. But US manufacturing continues to expand, …
by GoldCore – “Something wicked this way comes” warns John Mauldin – Shaky China: Chinese landing could be harder than expected – Brexit and EU Breakage: “I have long thought the EU will eventually fall apart” – Helpless Europe: If Germany sneezes, …
by Martin Armstrong Gun sales in Germany have soared because of what they call the “Rapeugees.” Three years ago, more than 2,000 German girls were raped/sexually assaulted on New Year’s Eve in several German cities. Then a leaked document surfaced reporting …
by Shaun Richards As we arrive in the UK at “meaningful vote” day which seems about as likely to be true as a Bank of England “Super Thursday” actually being super the real economic news comes from the heart of …
by Charles Hugh-Smith If we follow the logic and evidence presented in these seven points, we are forced to conclude that the fractures in France, Germany and the EU are widening by the day. When is a nation-state no longer …
by Geoffrey Grider Germany’s defense minister Ursula von der Leyen has revealed a controversial European joint army is “already taking shape”- thanks to her French allies. The Bible is very clear, the last empire that will exist on this earth before Jesus arrives with …
earnings season is starting:– Apple guidance cut– Macy's guidance cut– Delta guidance cut– Ford firing thousands– Jaguar firing thousands — zerohedge (@zerohedge) January 10, 2019 Apple cut revenue guidance (for the first time in 16 years) Macy’s cut profit guidance, sending …
via breitbar: Merkel and Macron are set to deepen their ties by signing a treaty which has been criticised as an “erosion” of national sovereignty… The new treaty will also encourage the formation of border town “Eurodistricts” where French and German …
by Shaun Richards Sometimes it is hard not to have a wry smile at the way events are reported. Especially as in this instance it has been a success for my style of analysis. If we take a look at …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter OK, this is embarrassing in the land of super-stimulus via the ECB’s negative-interest-rate policy and years of QE that were supposed to perform miracles: Production in Germany’s industry, which includes construction, dropped 1.9% in November from …
via arstechnica: Apple has suffered another blow in its global patent battle with Qualcomm as it was forced to pull older iPhones from its shelves in Germany. Currently the German Apple store offers the iPhone XS and XR but not the iPhone 7 or …
by WARREN MOSLER The tariff thing keeps taking its toll: China Nov car sales fall 14%, biggest drop since 2012 (Reuters) China’s automobile sales fell 13.9 percent in November from a year earlier. The drop in sales to 2.55 million …
Germany is showing signs of fatigue toward refugees after three years of a controversial open-borders policy by Chancellor Angela Merkel that drew more than 1.5 million people from Syria, Iraq, Afghanistan and other troubled nations. The country took in more …
by Shaun Richards One of the supposed constants of the credit crunch era has been the economic performance of Germany. Earlier this week saw a type of confirmation of past trends as the European Central Bank or ECB updated its …
Thousands of protesters gathered on Saturday in Berlin and Cologne to demand bolder measures to combat climate change. From Berlin to Cologne, protesters have gathered to demand more from the government in the fight against climate change. Greenpeace said Germany …
Germany implements new internet hate speech crackdown A new German law named NetzDG that will force social media sites to delete offensive content has come into effect with the New Year. There are plenty of critics on both the far-right …