Tag Archives: Germany
Saving Europe
There are almost 40 billion euro reasons that Germany wants to replace Merkel. Since the 1992 Maastrich Treaty, the EU was a dream that portended great things – create a trading bloc and a currency. By 2002 the Euro was created with rules that capped GDP deficit spending to 103%. The rules were almost immediately broken and in the same […]
Equity Markets Continue to Bleed. Why? German Stupidity, Volcker Rule and the Carry Trade Unwind
As usual European news leads the way with a ridiculous ’shoot in the foot’ decision coming out of Germany… Merkel will announce, on Wednesday, a financial transactions tax, and a ban on naked short selling on 10 of the “most-important” financial institutions in Germany. Ban also applies to CDS and Euro govt bonds. Will remain in place for an indefinite period of […]
