Bill Blain: “Germany Is On Fire: How Long Until Bundesbank Demands Rate Hikes To Cool It?”

Blain’s Morning Porridge – November 27th 2017, submitted by Bill Blain of Mint Partners
Germany – not solved and likely to prove an even larger problem..
‘El castillo, le torre yo soy, le espada que guarda el caudal.
Another massive shopping day – Cyber Monday. Let’s see if the declining footprint into US malls confirms the end of retail and tomorrow belongs to Amazon, Ebay and Tencent? Suspect so… (Personally, I’m furious as I bought a new evening suit recently and picked it up Friday to discover even a proper West-end tailor was having a ‘black Friday sale’. I won’t be going back there again!)
Looks like I got Germany wrong.
My predictions Angela Merkel would find herself trapped into a difficult minority or a convention defying second election look increasing unlikely as she is now threshing out a ‘Grand Coalition’ CDU deal with the SDP. My ‘bad’. The membership of both parties apparently support it. I read a single member of her own party who dared to call for her resignation was subsequently booed down by the mob of enthusiastic Merkelistas.
The market is welcoming the news as far more positive for Germany than the earlier Jamaica Coalition, and positive for Europe as a reinvigorated Merkel will re-engage with Macron’s France to solve Europe’s many problems with sprinklings of German good-fairy dust.

This post was published at Zero Hedge on Nov 27, 2017.

 

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