Germany
Unsustainable DAX Outperformance…
Short BYD As A Powerful Strategic Trade…
The US suffers from enough imbalances to produce a mild recession. Unfortunately, such a recession could lead to a significant bear market in stocks, just as it did during the very mild 2001 recession.
Ifo Expectations Augur Poorly For Eurozone Economy…
The Carry Trade Blowup Is Only The Start…
German Manufacturing Sector Slumps Further…
ZEW Survey Is Too Optimistic…
The real threat to European equities is growth, not political risk. How low will Eurozone earnings fall during the coming recession and how much will equities decline in response?
German Factory Orders Disappoint…
Does the incipient slowdown in European data herald a soft landing and a goldilocks period for equities? We have our doubts.