Germany

Submitted by Michael Shedlock via MishTalk.com,

For the umpteenth time, the IMF has warned that Greece cannot meet fiscal targets set by its creditors. And once again, the IMF insists that it will not be a part of the “Troika” unless the goals on Greece are realistic.

History suggests the IMF will cave in to Germany and agree to some half-baked plan (make that 1/8th baked plan) that will supposedly put Greece back on track. Such nonsense has been going on for years.

Mercy, Please!

Germany’s version of the CIA, the Federal Intelligence Service (BND), has announced that Russia is not trying to influence the outcome of the German elections.  Intelligence agencies in Germany say they have found no clear evidence of a Russian disinformation campaign against the government, despite claims by mainstream media that the Kremlin seek to harm western democracy.

Just day after President Trump suggests Germany is a currency manipulator, and as Merkel looks set to lose her Chancellorship, Europe's powerhouse economy just collapsed in December. Industrial production plunged 3.0% MoM in December - the biggest drop since Jan 2009 and over 8 standard deviations below expectations.

The dollar rebounded from a key 200-DMA support level, strengthening against all major peers, pushing S&P futures higher as European shares rose, led by basic resources and real estate, while Asian stocks fall. Gold fell from its highest level since November as demand for some haven assets ebbed while global bonds declined. Oil dipped, pressured by a stronger dollar.

Over the weekend we pointed out how the German media perceived the new US President with Der Speigel's highly controversial cover depicting President Trump beheading the Statue of Liberty, calling on Germany “to build an alliance” against the US leader. Not exactly subtle...