The benefit of NIRP: There’s hell to pay – even the ECB admits it.
Exports-at-all-costs for economic growth comes home to roost.
Goods producing economy suffers globally. Services expected to keep it all taped together.
But the US shirt is getting dirtier. Germany’s manufacturing data “makes for uncomfortable reading.”
Opposition Is Growing to Merger Between Deutsche Bank and Commerzbank.
But expectations & hopes for the next 6 months rise to less negative.
“In addition to uncertainty about what’s going to happen, now there’s uncertainty about when it will happen.”
The four account for 58% of global manufacturing value added. And the big exporters are getting hit.
The fate of the A380 is sealed.
Q4 is falling apart before everyone’s astonished eyes, and a “technical recession” beckons.