The German economy is what holds up Europe. The data on the industrial sector in Germany is out and it has disappointed everyone once again with production dropping 0.8% month-on-month in January 2019. January’s contraction was driven by a steep drop in capital goods output and a fall in intermediate goods production. However, consumer goods […]
QUESTION: Mr. Armstrong; Standard Chartered has forecast that Russia will overtake Germany as the world’s fifth largest economy, possibly as early as next year in 2020. Would you care to comment if that is possible? GP ANSWER: It is clear that Russia’s economy is not impacted by the stupid US sanctions for going into Ukraine. Historically, […]
Merkel and Macron, two politicians who cannot muster even a majority of their people for support, signed a Franco-German friendship treaty which has allowed them to boast that this is the first step to creating a European Army. There is a mad rush behind the curtain to create a European Army, not to protect Europe […]
COMMENT: Mr. Armstrong; Your ECM has been amazingly accurate. Not only did real estate peak, but it is now official, Germany is in a recession. Great job HW REPLY: There is an accurate business cycle that unfolds but you must step back and observe it from a global perspective. The Economic Confidence Model has a […]
The German Hyperinflation was by NO MEANS about inflation created by an increase in the money supply under the Quantity Theory of Money (QTM). Today, Angela Merkel has forcefully imposed Austerity upon the whole of Europe because she really does not understand what even caused the hyperinflation. It was at the Palace of Versailles outside […]
QUESTION: Mr. Armstrong; Do you agree with Bloomberg that the yield on German bunds has declined in anticipation of the Fed lowering rates? JV ANSWER: No The falling yields on German government debt is simply intensifying the trade to buy German and short everything in the South in anticipation of a failed Euro. Also, there has […]
One of the clear cultural differences between Europe and the United States is that they even have the “hottest” female police officer – Adrienne Koleszar. That is something they just would not do in the United States. We hold Senate hearings because Janet Jackson’s breast popped out on TV at the Super Bowl. It is interesting […]
Annegret Kramp-Karrenbauer was elected by the CDU party congress in the second ballot by a narrow majority to the new CDU chairmen. Kramp-Karrenbauer received 51.75% of the delegate votes, Friedrich Merz 48.25% of the vote. Jens Spahn was eliminated after the first ballot. Therefore, the CDU has sealed its fate. Kramp-Karrenbauer will maintain the policies of […]
Merkel said goodbye at the CDU meeting today. She intends to remain as Chancellor until 2021. However, the victor will be positioned to succeed Merkel as chancellor and influence whether she stays or bows out before her term ends in 2021. Although Merkel is widely known for her caution and changing positions with her internal poll […]
Friedrich Merz is the anti-Merkel who is standing for election in December to replace her as head of the CDU. Merz is also chairman of Blackrock there in Germany. He has been a German lawyer and politician of the center-right Christian Democratic Union (CDU). He served as a Member of the European Parliament 1989–1994, a […]
