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…for support of Ukraine and infrastructure spending. Sounds a lot like Bidenomics to me - how did their markets react?
European financial markets have rallied sharplyand German borrowing costs have soared [all the way to 2.7%] after the country’s prospective leaders announced a historic deal to loosen its “debt brake” rule to boost spending on defence.
… The Dax 30 index, which tracks the largest German companies, rose by almost 4%, powered by industrial stocks. Share prices also leapt in London, Paris and Milan amid investor hopes that a massive boost in European spending on defence and infrastructure would kickstart the region’s ailing economy.
… The EU outlined a plan on Tuesday to unlock almost €800bn (£670bn) for defence spending…
… Some analysts said there was a danger of the dollar losing its “safe-haven” status among global investors as Trump’s trade wars rattle the world’s largest economy.
…which is ironic, considering that conservatives had loudly and publicly fretted about this for years. Trump appears to be making it come true in months.
“The speed and scale of global shifts is so rapid that this needs to be acknowledged as a possibility,” said George Saravelos, global head of currency research at Deutsche Bank.
Bad news for Putin, and good news for Ukraine, (if it’s not too late):
Holger Schmieding, chief economist at Berenberg Bank, said…“The extra room for defence spending sends a clear signal to Vladimir Putin and Donald Trump as well as to Germany’s European friends that Germany is serious about defending itself and helping Ukraine.”
(May personally have to look at putting some cash into a European or German stock fund).
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pdq wrote:
…for support of Ukraine and infrastructure spending. Sounds a lot like Bidenomics to me - how did their markets react?
European financial markets have rallied sharplyand German borrowing costs have soared [all the way to 2.7%] after the country’s prospective leaders announced a historic deal to loosen its “debt brake” rule to boost spending on defence.
… The Dax 30 index, which tracks the largest German companies, rose by almost 4%, powered by industrial stocks. Share prices also leapt in London, Paris and Milan amid investor hopes that a massive boost in European spending on defence and infrastructure would kickstart the region’s ailing economy.
… The EU outlined a plan on Tuesday to unlock almost €800bn (£670bn) for defence spending…
… Some analysts said there was a danger of the dollar losing its “safe-haven” status among global investors as Trump’s trade wars rattle the world’s largest economy.
…which is ironic, considering that conservatives had loudly and publicly fretted about this for years. Trump appears to be making it come true in months.
“The speed and scale of global shifts is so rapid that this needs to be acknowledged as a possibility,” said George Saravelos, global head of currency research at Deutsche Bank.
Bad news for Putin, and good news for Ukraine, (if it’s not too late):
Holger Schmieding, chief economist at Berenberg Bank, said…“The extra room for defence spending sends a clear signal to Vladimir Putin and Donald Trump as well as to Germany’s European friends that Germany is serious about defending itself and helping Ukraine.”
(May personally have to look at putting some cash into a European or German stock fund).
Do we know that crashing the US currency is not part of the plan?
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Trump is risking WWIII now.
We know who started the last 2 world wars, and we are currently encouraging them to arm themselves in a very meaningful way.
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If Ukraine falls, the rest of Europe can follow is not just an empty slogan. We will see a lot of countries building up their defense spending in the coming months.
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timg wrote:
Trump is risking WWIII now.
We know who started the last 2 world wars, and we are currently encouraging them to arm themselves in a very meaningful way.
I think they’ve had their experience with fascism, and wouldn’t want to go back.
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timg wrote:
Trump is risking WWIII now.
We know who started the last 2 world wars, and we are currently encouraging them to arm themselves in a very meaningful way.
Not sure how. The US is now a subsidiary of Russia. There is no world power, even a united Europe, that has a chance of standing up to Putin and his puppet.
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Black wrote:
[quote=timg]
Trump is risking WWIII now.
We know who started the last 2 world wars, and we are currently encouraging them to arm themselves in a very meaningful way.
Not sure how. The US is now a subsidiary of Russia. There is no world power, even a united Europe, that has a chance of standing up to Putin and his puppet.
Putin's puppet is in the process of making the United States irrelevant to the world order. A united Europe will have vastly more power than Putin.
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AllGold wrote:
Putin's puppet is in the process of making the United States irrelevant to the world order. A united Europe will have vastly more power than Putin.
In raw economic terms the states of California, New York, and Texas individually are bigger than Russia. The only thing Russia has going for it at the moment is its hackers, its legacy spy network, its disinformation media, and the successful capture of the US executive with their manchurian candidate.
Mind you, those are all individually leverage tools that can topple even the largest of nations when well executed against a cynical populace.
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France has a decided a while back that it will NOT be conquered again, and has enough nukes to be sure of that.
So does the UK.
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