Hope Floats As Germany Seen Abandoning ‘Black Zero’ Fiscal Straightjacket In Recession
Earlier this week, Germany confirmed that the fourth-largest economy on the planet shrank in Q2. It was the second contraction in four quarters.
The news was expected, but it contributed to an already downbeat mood among market participants, who were still digesting the worst read on industrial output from China since 2002.
By the end of the day, growth concerns had inverted the US 2s10s curve, sending the Dow plunging in the worst day of 2019.
Read more: ‘Sick Man’ Germany Stumbles To Se
Germans deficit spending? That’s inflationary!! Aren’t you supposed to give credit when you repost something from The Onion or The Daily Mash?
Another classic example of Governments in collusion in a political sense to salvage the global economic malaise .. Each is taking their turn to bolster equity markets but no remedy or cure is in sight ..Buying time and election cycles dominate the thinking and fiscal and monetary blather is on top in the toolbox… …as usual !!