https://twitter.com/Schuldensuehner/status/1584087708112420864 Good Morning from #Germany where the savings rate has collapsed due to #inflation and negative real wage growth. It is likely to fall below the 10% mark again in the coming quarters. https://t.co/9r50f2ZxJI via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584090997943726085 #China's Xi Jinping has installed a new leadership team of fierce loyalists & eliminated any last remaining remnants of pol rivalry from senior ranks of Communist Party, cementing power for life in a dramatic shake-up. https://t.co/D39XFiPFfz https://t.co/K5ResCc0Pq via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584108211182833664 RT @Schuldensuehner: Don't miss our @welt AAA podcast w/hedge fund legend @StefanHeieck. He compares current situation w/2008. In Oct'08, market marked an initial low, before turnaround to upside followed in Mar'09. He is particularly bullish on solar & wind stocks. MUST HEAR! https://t.co/QWnDn253X6 https://t.co/paxwWGvLIh via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584225414159138817 Xi’s total control in #China injects more risk into chaotic world w/Yuan drops to lowest level since 2007. Xi puts all allies on China’s most powerful leadership body. Concern grows that nobody will dare to tell #XiJinping that he’s wrong. https://t.co/tR4j9w4yU9 https://t.co/5gmaB3ggS4 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584434271984312320 Good Morning from #Germany where natural #gas storage rose over the past week to 238.3 terawatt-hours, or 97% full, compared w/5y avg of 89% for this time of year, according to Gas Infrastructure Europe. A week earlier it was 96% of capacity. https://t.co/gZ7HH2Ns36 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584435602438909954 Natural gas in Europe fell to €100/MWh for the 1st time since June as mild weather, well-filled gas storage & arrivals of liquefied natural gas cargoes ease concerns of a supply shortage this winter. https://t.co/ehIGROeZMp via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584442813198241793 German companies increasingly struggling to access credit, Ifo study highlights. 24.3% of German comps currently seeking new loans are reporting restraint from lenders as high #inflation and concerns over energy supply rattle Europe's largest economy. https://t.co/UAfHG073xH https://t.co/linb5pmuHo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584483758870102017 Markets immediately give direct feedback on what they think of China after the National Congress: China’s Yuan weakens past 7.3 per Dollar an all-time low since the unit started trading in 2010. https://t.co/ytiRfQsVlV via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584533491697725442 UK's Ex-Treasury Chief Rishi Sunak gets his shot at PM job. Sunak will be Britain’s first leader of color & first Hindu to take the top job. At 42, he’ll also be youngest PM in >200yrs, pol prodigy whose youthful looks, sharp suits, & smooth manner saw him dubbed “Dishy Rishi.” https://t.co/oxpU6DNiSE via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584539298400940034 Nasdaq #China Index slumps 14% in no-confidence vote after the 20th National Congress. https://t.co/T1wvGeBas3 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584658637426827264 Less metaverse and more layoffs: A #Meta investor just wrote a scathing open letter to the company telling it to get its ‘mojo back’ as Meta has dropped out of One Billion Dollar Club and lost 66% from ATH. https://t.co/wXhKFUn2WD https://t.co/npczQIeOra via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584663116335353862 Investors reject "Maximum Xi." Foreign investors fled Chinese stocks following news that Chinese President Xi strengthened his grip on control at a weeklong Communist Party congress. US-listed Chinese stocks were hammered incl Pinduoduo, Alibaba, Baidu. https://t.co/VjFf1rZgU1 https://t.co/yJCAObmpoW via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584666524518088705 The richest tycoons doing business in #China have lost almost $13bn in the market selloff that followed Xi Jinping’s tightening grip on the govt. https://t.co/oAdZcJ56fs https://t.co/anyzFnLGpo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584796477494173697 Good Morning from #Germany, where the energy crisis is easing somewhat. The 1y ahead electricity price has fallen well below €400/MWh, mainly in response to the price of gas, which is now well below €100/MWh. https://t.co/tMYSw23a3a via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584804878949707776 As Rishi Sunak prepares to take power in the UK as the next PM, the nation’s stocks are trading near a record cheap valuation rel to global peers. W/a forward price-to-earnings ratio of about 8.8, an 11y low, MSCI UK Index has a 40% discount to the MSCI World, BBG has calculated. https://t.co/mgWAGbwiAs via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584857855290912768 Britain's King Charles III appointed new Conservative leader Rishi Sunak as 2nd PM of his reign, shortly after accepting the resignation of Liz Truss. https://t.co/VUBHDKz0HU via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584924045484908544 ECB balance sheet remains almost unch ahead of this week's meeting. Shrank by €3.3bn to €8,775bn, equal to 81% of Eurozone GDP vs Fed's 35%. Big issue for ECB should be when & how to shrink balance sheet. For ECB, this question is more sensitive than for CenBanks like Fed, BoE. https://t.co/oNLrmly9vx via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1584924983570337792 The ECB is not only very late in raising interest rates. The ECB is also hopelessly behind when it comes to reducing its balance sheet, as a comparison w/Fed, Bank of England or SNB shows. https://t.co/3y7dJycWLI via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1585165156199591936 Good Morning from Germany where govt has agreed on a compromise that will allow China’s state-owned shipping conglomerate Cosco to buy a 24.9% stake in one of Hamburg’s port terminals. Chancellor Scholz and his ministers, many of whom were opposed to the deal, agreed on the deal. https://t.co/z9b2HMAPvX via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1585168852987437056 #China’s budget deficit nears record $1tn amid slowdown. Deficit for first nine months is almost three times last year. Slumping land sales, tax breaks cut into govt revenue. https://t.co/AW2oC53vP7 https://t.co/PBeiuFAFfL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1585176057019523072 A 'Noble' endeavor? NOPE ETF got off to a terrible start. The veteran global macro hedge fund manager George Noble has made his strategies available to the investing public for less than 2% in fees. Noble's ETF is down 16% since its inception in late Sep. (HT @StefanHeieck) https://t.co/oS3btIxFng via @Schuldensuehner