Tag Archives: germany

exploding inflation

Bonds: Negative yields say inflation is dead. Oh really….?

As more than 15% of the global government debt market enters negative yield territory we are truly living in extraordinary times. The corollary of those conditions is that the market is in effect pricing in no inflation. Oh really?

February 26th, 2015 by

Debt

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samurai lessons

Chart of the Day: Some YEN lessons for the euro on QE…

Whoosh, the euro is rapidly heading towards 1.10 against the USD. But where could it ultimately go?  Here’s a few charts….

January 23rd, 2015 by

Technical Trends

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flying party

ECB QEuphoria as 3 huge markets fly…….

Not unlike QE announcements in the US and Japan, the reaction of investors in 3 asset classes has been along predictable lines. Here’s the graphic tale from the coalface…..

January 23rd, 2015 by

Debt

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samurai

Hello 2015…Europe goes Japanese and then some!

Happy New Year WealthiFi readers. Well that didn’t take long; our previous views on Europe emulating Japan in financial gymnastics, but worse, were confirmed after just one trading day into 2015.

January 2nd, 2015 by

Editorial

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japanEU

Europe is not Japan, it might be worse…..

This writer was listening to a former EU commissioner speak in recent days and it wasn’t Germany’s rapidly deteriorating growth which bothered him. He readily acknowledged structural reform issues but his big worry was nationalism wrapped in populist politics…

October 14th, 2014 by

Editorial

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china germany

China’s shadow banking system now larger than German GDP!

The banking world throws up such huge numbers it is dangerously easy to lose track of real world context. The latest numbers from the Chinese themselves indicates its non-banking credit system is $4.4 trillion.

May 13th, 2014 by

Debt

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shareholder burn

Bayer acquires sun cream but will shareholders still burn?

The pharma M&A frenzy continues. Germany’s Bayer, of Aspirin fame, is buying Merck’s over-the-counter(OTC) biz for $14.2 billion. Despite suncream in the acquired portfolio will Bayer shareholders get burnt?  

May 6th, 2014 by

Mergers and Acquisitions

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eu flag

Euro financial union now complete?

These are dizzying days for observers of once struggling peripheral EU sovereign debt markets. Portugal is on the cusp of a bail-out exit while yields on Irish, Italian and Spanish bonds hit multi-year or even all-time lows.

May 1st, 2014 by

Debt

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french love

French market not feeling the love….

The French presidential love triangle is attracting plenty of comment but French equities, in contrast, are not exactly feeling the love of market participants.

January 13th, 2014 by

Editorial

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greece and germany

Macro: Is Greece still the word but just not in German…?

Politicians love delaying thorny issues just long enough for their own pensions to be collected. But how long before Greece is on everybody’s lips again?

December 10th, 2013 by

Government

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