Holger Zschaepitz(@Schuldensuehner) 's Twitter Profileg
Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics: https://t.co/0T7FGGZvLQ

ID:40129171

linkhttp://www.welt.de/autor/holger-zschaepitz/ calendar_today15-05-2009 00:26:19

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Italy PM Meloni could be forgiven for feeling any schadenfreude this week while looking on at Germany’s unfolding budget debacle. A string of fiscal wins for Rome has just coincided w/a crisis rocking Chancellor Olaf Scholz’s coalition in Berlin after a calamitous court judgment…

Italy PM Meloni could be forgiven for feeling any schadenfreude this week while looking on at Germany’s unfolding budget debacle. A string of fiscal wins for Rome has just coincided w/a crisis rocking Chancellor Olaf Scholz’s coalition in Berlin after a calamitous court judgment…
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Good Morning from , where growth forecasts for 2024 have been cut following the budget chaos after the Constitutional Court declared govt's spending plans unconstitutional. The consensus now expects GDP growth for Germany of just 0.4% for the coming year.

Good Morning from #Germany, where growth forecasts for 2024 have been cut following the budget chaos after the Constitutional Court declared govt's spending plans unconstitutional. The consensus now expects GDP growth for Germany of just 0.4% for the coming year.
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Good Morning from where budget crisis deepened w/FinMin imposed an unprecedented emergency spending freeze in response to last week’s ruling by country’s top court, which found shifting of unused debt authorization between off-budget funds to be unconstitutional.…

Good Morning from #Germany where budget crisis deepened w/FinMin imposed an unprecedented emergency spending freeze in response to last week’s ruling by country’s top court, which found shifting of unused debt authorization between off-budget funds to be unconstitutional.…
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stock hits All-Time High ahead of earnings: The stock has gained 24% in Nov, on pace for its best month since a blowout earnings report in May. Nvidia has gained 245% in 2023, pushing its market value above $1.2tn. (BBG)

#Nvidia stock hits All-Time High ahead of earnings: The stock has gained 24% in Nov, on pace for its best month since a blowout earnings report in May. Nvidia has gained 245% in 2023, pushing its market value above $1.2tn. (BBG)
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The black market has also gained confidence in new Argentine president Milei. The unofficial Peso exchange rate has gained 18% in value today.

The black market has also gained confidence in new Argentine president Milei. The unofficial Peso exchange rate has gained 18% in value today.
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Good Morning from , where the fall of an iconic company is accelerating. plunges on drug setback, $1.5bn roundup verdict by 15%. Now mkt cap is way below net debt.

Good Morning from #Germany, where the fall of an iconic company is accelerating. #Bayer plunges on drug setback, $1.5bn roundup verdict by 15%. Now mkt cap is way below net debt.
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Milei wins ’s presidential election as Massa concedes. Massa says he called Milei to congratulate him. Market reaction on Monday after election results and victory speeches will be limited to dollar bonds and a stock ETF b/c of a local holiday, BBG writes.

Milei wins #Argentina’s presidential election as Massa concedes. Massa says he called Milei to congratulate him. Market reaction on Monday after election results and victory speeches will be limited to dollar bonds and a stock ETF b/c of a local holiday, BBG writes.
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Good Morning from Germany, where a discussion about the debt brake has started after the Federal Constitutional Court struck down off-budget funding for climate action. Some only want to increase the possible level of new debt from 0.35% of GDP to 1.5%, while others want to…

Good Morning from Germany, where a discussion about the debt brake has started after the Federal Constitutional Court struck down off-budget funding for climate action. Some only want to increase the possible level of new debt from 0.35% of GDP to 1.5%, while others want to…
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An all-time high share of Americans are mortgage-free homeowners: Almost 40% of US homeowners own their homes outright as of 2022—many of them baby boomers who refinanced when rates were low. bloomberg.com/news/articles/…

An all-time high share of Americans are mortgage-free homeowners: Almost 40% of US homeowners own their homes outright as of 2022—many of them baby boomers who refinanced when rates were low. bloomberg.com/news/articles/…
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Moody's ups Italy's credit outlook to stable from neutral. Rating was affirmed at Baa3, lowest investment grade score. Decision to change outlook to stable reflects a stabilisation of prospects for country's econ strength, health of its banking sector & the govt's debt dynamics.…

Moody's ups Italy's credit outlook to stable from neutral. Rating was affirmed at Baa3, lowest investment grade score. Decision to change outlook to stable reflects a stabilisation of prospects for country's econ strength, health of its banking sector & the govt's debt dynamics.…
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Value Trap Small Caps? Normally, the share of unprofitable firms rises during recessions. But even before the economy has entered a recession, the share of comps in the Russell 2000 w/no earnings is at 40%, Appolo's Slok has calculated.

Value Trap Small Caps? Normally, the share of unprofitable firms rises during recessions. But even before the economy has entered a recession, the share of comps in the Russell 2000 w/no earnings is at 40%, Appolo's Slok has calculated.
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Good Morning from where public sector investments have lagged behind for decades. Germany’s net fixed capital formation from the public sector avg just 0.1% of GDP a year over the past 3 decades, far lower than other AAA-rated economies (1.0%), and behind other large…

Good Morning from #Germany where public sector investments have lagged behind for decades. Germany’s net fixed capital formation from the public sector avg just 0.1% of GDP a year over the past 3 decades, far lower than other AAA-rated economies (1.0%), and behind other large…
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OOPS! Money-Market Fund Assets rose to record $5.73tn. Investors have piled into money funds ever since last year, when the Fed began one of the most-aggressive tightening cycles in decades. Fund managers have been quicker to pass on the benefits of higher rates than banks. (BBG)

OOPS! Money-Market Fund Assets rose to record $5.73tn. Investors have piled into money funds ever since last year, when the Fed began one of the most-aggressive tightening cycles in decades. Fund managers have been quicker to pass on the benefits of higher rates than banks. (BBG)
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Good Morning from , where the real estate market here is showing a big split. Prices for older properties (measured by the Europace House Price Index for Existing Homes) have dropped to their lowest point since Feb 2021, but the prices new buildings keep going up and are…

Good Morning from #Germany, where the real estate market here is showing a big split. Prices for older properties (measured by the Europace House Price Index for Existing Homes) have dropped to their lowest point since Feb 2021, but the prices new buildings keep going up and are…
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