For Germany, Light At End Of Tunnel Still Just A Faint Glimmer
Far from out of the woods.
Far from out of the woods.
As far as what the most bullish catalyst for risk assets would be, it’s not even close.
“All the uncertainty is paralyzing order books”.
Loosen the damn purse strings.
Don’t get too excited – it’s a correction, “not a turn in the trend”.
The ECB will of course ease further in September, but the real question is…
The self-declared “king of debt” doesn’t want to pay any interest.
In spite of its namesake.
If you ask nicely, Germany might be willing to spend a few billion.
“The impact of weaker growth on the labor market is becoming more visible”.
“A significant deterioration in the outlook”.
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