Eurozone Economy Hits the Brakes: Services Join Manufacturing Downturn
The Eurozone just hit a major speed bump, with November's PMI dropping to 48.1 from October's 50.0. Here's the real kicker: the services sector, which had been keeping the economy afloat, finally cracked and joined manufacturing in contraction territory.
Manufacturing's still in the dumps at 45.2 (down from 46.0), but the real story is services falling to 49.2. Haven't seen numbers this bad in months.
Business outlook? Lowest in three years. Orders are down for the sixth straight month, and companies are starting to trim their workforce.
Germany and France are leading the decline, with France posting its worst performance since January.
Inflation's still creeping up, but slower than the year's average. Good luck with reality, Chrissie. Finally the European Communist Bank (ECB) is trapped.
#eurozone #economicdownturn #recession #pmadata #marketanalysis #eu #euro #germany #france #statism
The Peacekeepers From The German Central Planning Office
Germany's bureaucrats, socialists and central planners may have done us a great historic service by damaging the German economy so badly that an active escalation of the ukraine conflict for economic reasons alone is unthinkable. The economically shattered country is neither technologically nor industrially capable of supporting an arms race. t's time to be thankful to our german commies!
#germany #russia #ukraine #centralplanner #mises #recession #eu
Germany's Bureaucratic Beast Devours €51B: Economic Freedom in Free Fall
The European economic powerhouse is transforming into a bureaucratic black hole, with shocking new data revealing the true cost of Germany's regulatory addiction. Since 2011, Berlin's paper-pushing paradise has ballooned compliance costs to a staggering €30B annually - that's 0.7% of GDP literally burned on red tape.
Berenberg Bank's analysis exposes the brutal acceleration: €14B in one-off compliance costs (2021) skyrocketing to €21B (2023). The regulatory tsunami shows no signs of slowing, regardless of which flavor of statism is in charge - from "free market" liberal-socialistd FDP to Green rainbow stalinists.
While Asian tigers and American entrepreneurs innovate, German businesses drown in forms. This isn't just bureaucracy - it's economic suicide by paperwork.
#RegulatoryState #EconomicFreedom #Germany #eu #greendeal #fdp #Bureaucracy #LibertarianView #FreeMarket #mises #grüne https://nostrcheck.me/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/219f65783a4cf58bc2919c4b20fac5d3f4f9eaac423a0d3dc3b4867bc5dbd253.webp
Bond Market Will Force The Federal Reserve Back On Track
he fiat money scheme only works as long as credit can grow in aggregate. A large part of this is due to the states with their immense debt policy, which has long since led to large parts of the bond markets no longer being able to absorb the respective national debts. If this happens, interest rates will rise to a level that could cause national budgets to collapse, which would immediately call the respective central banks, the state money printing presses on the plan. So we can also assume that the Federal Reserve in the USA will soon have to return to what they themselves would call 'normality'. That means with further rising interest rates: more fiat credit in circulation!
#fiat #inflation #mises #bitcoin #fed #debtspiral #usa https://nostrcheck.me/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/931a11ce21dc2ea885a49059e37721d14bd15d3b5ec3d3c13fff3f0e1a2e3c0e.webp
US And EU: Economic Data Dump
Philadelphia Fed Manufacturing Index plunged 15.8 points to -5.5 in November, dramatically missing analyst expectations of +8.2. This negative territory signals potential manufacturing contraction, marking a sharp reversal from October's +10.3.
Meanwhile, US jobless claims dropped by 6,000 to 213,000 (week ending Nov 16), defying forecasts of 220,000 and indicating continued labor market resilience.
Eurozone's economic metrics tell a concerning story:
- Inflation projected at 2.3% (up from 2.0% in October)
- Core inflation climbing to 2.8% (previous 2.7%)
- Consumer confidence sinking to -13.7 (1.2 point drop)
- EU-27 confidence also down to -12.4 (1.1 point decline)
Barclays analysts Bippus and Babic cite fuel price base effects as key inflation drivers, particularly impacting core goods prices.
#econometrics #feddata #eurozonewatch #manufacturingdata #jobsreport #inflationwatch #USA #EU
#SEC Chair Gary #Gensler to step down January 20....
Germany: Real estate crisis is over
A snapshot of the German real estate market suggests that the Germans will be spared the fate of the Chinese, a blatant deflation on the real estate market, for the time being. At least here the fiat bubble system is working perfectly again, prices are rising, housing is becoming less affordable again, everything is fine. Bravo ECB!
By the way: the regulatory frenzy with which German politicians have destroyed German housing construction also serves only one purpose: to keep supply tight so that prices can continue to rise.
#germany #eu #ezb #regulation #real estate #inflation #bitcoin https://nostrcheck.me/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/77e14e71c22fa6d5aad5dda6b149373b65987c35c4256269fe284d4dc36311ee.webp
These sick psychopaths will use any opportunity to introduce their digital ID...
#UK #WEF #DigitalID #Orwell #1984 https://nostrcheck.me/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/87f220ff3a23ceadb0266ff883f37c238dc55bbf4e1020b264a4b12ee66bd078.webp
Euro Fans Watch Out: The Germans Are Sending Your Shitcoin To Fiat Valhalla
There are stories in the vernacular that seem to go on forever, even though they have long since lost touch with reality. Germany, for example, is still regarded by many as the land of poets and thinkers, a haven for engineers and, above all, the world champion of austerity with a serious fiscal policy. Those, and I am thinking above all of Greece, who were particularly schoolmasterly bullied by the Germans during the last sovereign debt crisis, should take a close look at Berlin in the coming weeks and months. There are signs of a radical turnaround in Germany's traditionally conservative fiscal policy.
In the land of climate savers and moral world champions, reality is crashing down like a sledgehammer. All social systems, i.e. the ponzi schemes operated by the state, will now be subjected to the demographic acid test in the coming years. And this in the midst of a deepening recession! While millions of workers will be retiring, i.e. mutating from contributors to pension recipients, Germany will be pursuing an open-door policy, the social welfare office of the world, and inviting millions to vegetate in the country at the expense of the working population without making any contribution of their own. And the sad attempt of the so-called 'Green Deal' to create an artificial gross domestic product, which in the spirit of John Maynard Keynes is supposed to make the swamp blossom, can now also be considered a certain failure in view of the de-industrialization of the land of intellectual ghost drivers.
So what is the German response to this disaster in the short term? Incoming Chancellor Friedrich Merz of the green Merkel party, the CDU, is already hinting at where things are heading: a softening of all debt criteria, more state interventionism, state subsidies and investments, in other words the usual mishmash of centralized systems.
The idea of a free market economy, a monetary system controlled by the market, is no longer being discussed at all. Europeans are taking refuge in the sterile and bloodless refuge of centralism and will sink into a swamp of debt, I dare to predict at this point. Along the way, the European Union will continue to fragment politically and economically, and some states will try to regionalize in order to regain their sovereignty and thus stabilize their economies.
For the individual, there is still the way out to the sound money system, which is open to all those who doubt that increasing the dose of the very medicine that is making the patient ill can lead to success.
For all euro fans: your shitcoin goes to Fiat Valhalla!
#Bitcoin #EU #deutschland #socialism #ecb #mises #germany #cdu #friedrichmerz #wef #soundmoney
Ahah, exactly. If was inside this institution I would now be rallying everyone to buy Bitcoin. That's pretty much the only thing that could save this ship, in my view.
But I think this is all pretty inevitable. People like nostr:npub1scljc42jwm576uufxwcwlmntqggy9utwz55a6a2hqjy9hpl7uxps4pzprv know very well the state of the Euro and Germany also, and have been signalling stuff like this for months if not years now.
I remember a time in 2011 when Fiscal Responsibility was really important for the Central/Northern countries. I'm from Portugal and I remember a lot of debates where economists from the center/north Europe would say southern countries need more fiscal responsibility, etc. And I was like heck yeah, please help us, bring it on, etc.
Then Covid happens and I'm like what the actual. Where have all these people gone?
This is all the Covid collapse. Nobody wanted to be the bad guy and say that it was insanity. Now everything is screwed.
Clap clap. Bravo.
We should just buy more Bitcoin European friends! :)
Bravo!
Massive opinion shift in China: a court in Shanghai declares Bitcoin to be private property. This is likely to lead to accelerated adaptation and to international competition between countries for the best and scarcest reserve asset.
#China #bitcoin #soundmoney
Yen's Rollercoaster: Central Bankers Decode Currency Chaos
In a revealing Tokyo conference, Bank of Japan (BoJ) Governor Kazuo Ueda unveiled strategic insights into currency dynamics, signaling a nuanced approach to economic forecasting amid volatile exchange rates.
Ueda confirmed comprehensive integration of currency fluctuations into economic models, highlighting the delicate balance between monetary policy and market movements. The Japanese yen, currently trading around 154.78 against the dollar, has triggered substantial market speculation.
Key Takeaways:
- Currency movements critically analyzed in economic projections
- Potential import price implications closely monitored
- US policy shifts under potential future leadership considered
Notably, European Central Bank perspectives suggest minimal inflationary disruption from potential trade tensions.
#CentralBanking #GlobalEconomy #Currency #MarketInsights #MonetaryPolicy
Ukraine issue fragments the European Union
For a long time, Hungary's President Victor Orban was seen as the rebel in the socialist house of the European Union. Now the conservative has gained a lot of wind beneath his wings in recent months. A few days ago, Italian Prime Minister Georgia Meloni came out in favor of not supporting an attack on Russia, followed by Holland, Austria, Portugal will come out with a similar statement, and to everyone's surprise: Germany, the crumbling giant of the European Union, also refuses an active attack on Russian territory. While yesterday in the European Parliament they applauded the announcement to release further offensive weapons, at least the majority of parliamentarians so far, it became clear that with the newly elected US President Donald Trump, the faction of reason, those who want to end this war, has received a massive tailwind.
While England, which is deeply involved in the financing of Ukraine and desperately wants to escalate this conflict to harvest russian reperations and cover a looming default, is now floundering, the European Union is likely to break further into two blocs: the centralist socialist bloc in Brussels and those who want regional sovereignty!
#Europe #russia #Ukraine #usa #Trump #peace #eu #sovereignty #mises
Senator Cynthia Lummis' plan to create a strategic Bitcoin reserve for the US.
#Bitcoin #USA #lummis https://nostrcheck.me/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/f6e65f0c5fffc187a6741665e6ae80fe51f01b04427c727801f9391fd9b77e9c.webp
Correction: it's for ugly and retarded commies!
#wokeism #socialism https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/33dc16656ce49546bf10607e1868c5616272217b834a1d9775a22840786f579f.webp
GM from the Málageta beach/ Málaga. A lot of garbage and trees from the last storm give You an idea of the forced of nature.
Have a nice day, friends.
https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/95cbfe7bf3ce337ac81cb535b15a1fcaf54e529b0791b2f99abe7c2f1e3e3353.webp https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/43f5304de1263c6bac49437ea942947f5500e03165a9560fd4f4fe132e43ca8c.webp
ECB's Stark Warning: Multiple Financial System Fracture Points Emerging
The European Central Bank (ECB) just dropped a bombshell financial stability report that's raising eyebrows across trading desks. Let's break down the critical quotes and insights:
Direct from ECB Vice President Luis de Guindos:
"The outlook for financial stability is clouded by elevated macro-financial and geopolitical uncertainty, as well as increasing trade policy uncertainty."
Market Risk Assessment:
"Markets have shown resilience so far, but there's no room for complacency, particularly in equity markets where correction risks loom" - ECB Report
Non-Bank Sector Warnings:
"Negative dynamics could be amplified by non-banks due to their liquidity vulnerabilities, in some cases combined with high leverage and concentrated exposures"
Real Estate Analysis:
"While residential property prices are stabilizing, commercial real estate markets remain under stress due to the challenges posed by remote work and e-commerce"
Critical Risk Factors:
1. Government Debt:
"Despite post-pandemic declines in sovereign debt ratios, fiscal fundamentals remain weak in several countries"
2. Corporate Sector:
"Companies face rising debt servicing costs as maturing debt must be refinanced at rates exceeding those on outstanding debt"
3. Market Structure:
"The growing market presence and interconnectedness of non-bank financial intermediaries (NBFI) requires a comprehensive policy package to enhance sector resilience"
#financialstability #ECB #marketrisk #eurozone #economicanalysis #debtmarkets #euro
Everything that the state creates through regulation, market regulation and sanctions are black markets and a loss of prosperity for the citizens! The stupidest of all policies.
#China #iran #eu #USA #sanctions #oil #mises #freetrade
Yuan Defense Forces Beijing's Hand in High-Stakes Currency Game
China's central bank just pulled off its most interesting non-move of 2024. While keeping rates frozen (1-year at 3.1%, 5-year at 3.6%), the real story is playing out in the currency markets, where the yuan is doing its best impression of a tightrope walker.
Dive deeper, and you'll find Beijing trapped in a financial catch-22. October's rate cut already has banks counting pennies, with profit margins thinner than a silicon wafer. But here's where it gets spicy - the yuan's sliding against the dollar like it's on ice, and Ukraine's political turbulence is only adding fuel to the fire.
The Plot Thickens:
• Capital's playing hide and seek with dollar-denominated assets
• Chinese banks are stuck between a rock and shrinking profits
• Every potential rate cut now looks like a loaded gun pointed at the yuan
• Foreign investors are watching this game of monetary Jenga with popcorn in hand
Beijing's message is clear: Yuan stability trumps growth aspirations - for now. But with property markets still wobbly and local governments juggling debt, this pause might be more pressure cooker than strategic breather.
The real question: How long can they hold this pose?
#Yuan #China #Markets #CurrencyWars #GlobalFinance #MonetaryChess