German deficit hawk out hunting

Summary:
Not good news for Germany fiscal policy meanwhile ECB monetary policy is effectively the most punitive on planet earth especially towards perennial surplus Germany (Warren's '10th plague').Puts more pressure on the US fiscal policy as only nation out there currently helping. This negative German fiscal policy is itself bearish EUR;  but if US can get over this current issue of pinched bank capital soon (seems like still a BIG 'if'... though FD I have near ZERO patience...) then sloooow primary bullish EUR trend could probably resume.In the meantime look for more great deals on autos from Volkswagen here in the US and a 1.20 EUR/USD until they can start to raise some prices for their European products imo... " The idea is that Scholz wants to go down in history as the Red Hawk, as they

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius