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Dollar mauled by Trump trade war; German 'bazooka' blasts bondswww.reuters.com/markets/global-markets-wrapup-1-2025-03-05/
344 sats \ 7 comments \ @Coinsreporter 18h econ
FT reported Germany's biggest sell-off in the country's debt since the late 1990s in very plain words.
German borrowing costs surged by the most in 28 years on Wednesday, as investors bet on a big boost to the country’s ailing economy from a historic deal to fund investment in the military and infrastructure.
The yield on the 10-year Bund surged 0.25 percentage points to 2.73 per cent, its biggest one-day move since 1997, with markets braced for extra government borrowing.
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20 sats \ 6 replies \ @Undisciplined 18h
Betting on military spending to boost the real economy is going to blow up in investors' faces. Oh well, tick tock next block.
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31 sats \ 5 replies \ @Coinsreporter OP 18h
At least this gives them a temporary relief and most importantly they are returning to warfare State from welfare state.
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20 sats \ 4 replies \ @Undisciplined 18h
I very much doubt they're abandoning the welfare state. They'll try (and fail) to do the "guns and butter" thing, just like America did in the 60's.
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26 sats \ 3 replies \ @Coinsreporter OP 18h
Do they have any other option left after Trump has made "America First" his only priority. If he goes on to do what he's been announcing, Europe needs to alter its ways or be a sandwich.
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20 sats \ 2 replies \ @Undisciplined 18h
Both welfare and warfare states are bad directions. They certainly don't have to do either because of Trump.
They could do what every government should do, deregulate and lower taxes.
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29 sats \ 1 reply \ @Coinsreporter OP 18h
They may both be wrong but Europe seems to be going with the choice they have.
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