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Germany

Pretend To The Bitter End

Submitted by Howard Kunstler via Kunstler.com,

Forecast 2016

There’s really one supreme element of this story that you must keep in view at all times: a society (i.e. an economy + a polity = a political economy) based on debt that will never be paid back is certain to crack up. Its institutions will stop functioning. Its business activities will seize up. Its leaders will be demoralized. Its denizens will act up and act out. Its wealth will evaporate.

European Stocks Suffer Worst Start To Year Ever

Led by a 4.3% collapse in Germany's DAX index, European Stocks plunged 2.5% today which is the worst start to a year ever. European credit markets spiked higher in risk. 10Y bund yields tumbled over 6bps and peripheral sovereign risk spreads jumped 10-15bps. Not a good start for Draghi and his pals...

Germany led the collapse...

 

Which has driven Stoxx 600 - the broadest European stock index - down over 2.5% for its worst start to a year ever!!

 

Charts: Bloomberg

German Anger Boils Over: Shots Fired At German Refugee Home; One Asylum Seeker Hit

With the world once again gripped by the latest Middle East snafu in which suddenly every Gulf State has found itself in the worst diplomatic crisis with Iran in 30 years which, incidentally, started after Saudi Arabia executed a Shiite cleric in its biggest mass execution yet, unleashing righteous Iranian anger at its action, many have forgotten - if only temporarily - about Europe's biggest crisis at the moment: the onslaught by over one million refugees, who are desperate to escape from the political disaster that are the broken states of Syria and Iraq.

Obama “Concerned” As Turkish Leader Turns Turkey Into Nazi Germany

According to a new report issued by the Ministry of Foreign Affairs, the Obama administration are very concerned following Turkish President Erdogan’s public praise of Nazi Germany.  The report states that Erdogan has requesting to become a “super president” by increasing the executive powers available to him, looking at Hitler’s Germany as inspiration for a constitutional reform in Turkey.

Declassified Top Secret Documents Show US Planned To Nuke Moscow, Berlin, Beijing

Declassified Top Secret Documents Show US Planned To Nuke Moscow, Berlin, Beijing

Back in September, we noted that the US was set to send 20 new nuclear bombs to Germany each of which has four times the destructive power of the explosive dropped on Hiroshima.

“[These] new attack options against Russia” constitute “a conscious provocation of [Germany’s] Russian neighbors,” one member of Angela Merkel’s Christian Democrats warned. Sergei Lavrov’s de facto number-two, Maria Zakharova said the move represented an “infringement of Articles 1 and 2 of the Treaty on Non-Proliferation of Nuclear Weapons.” 

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