21 sats \ 7 replies \ @siggy47 16 Apr \ on: European Economic Downturn Ripples Through UK Employment Landscape econ
A little off topic, but what do you think about this craziness?
https://www.zerohedge.com/geopolitical/transport-minister-threatens-germans-indefinite-weekend-driving-ban-meet-mandated
you have to consider the coalition dynamics as background. the liberal party in Germany is facing parliamentary extinction because it is threatening to slip below the 5% mark. it is trying to draw attention to itself again with some crazy populism, just as it is now trying to enforce market economy rules again. Of course, all of this is nothing more than political frothing at the mouth.
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yes, i also believe that the intervention of the Japanese central bank is imminent. however, this always happens in the context of coordinated action together with the Federal Reserve. the recent interest rate spike in America and everywhere else is unsustainable for public finances in the medium term.
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the Bank of Japan will soon have to support the yen in order to prevent imported inflation, so much is clear. as far as the sell-off of US government bonds is concerned, I believe that there will continue to be sufficient foreign buyers for the securities. the eurozone in particular will do everything it can to defend the interest rate spread and ensure that it does not widen too far against the euro in order to prevent capital flight
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