https://twitter.com/Schuldensuehner/status/1654102323369525251 Market reaction shows that the first read is that of a dovish ECB hike as accompanying forward guidance suggests the ECB is nearing the end stages. Euro down 0.4%. https://t.co/h1hoim0PMm via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654103133037920256 Mind the gap. Plunge in German 2y yields suggests that the markets do not expect interest rates to stay this high for long. https://t.co/t6wONfdHI0 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654109755458060290 #ECB's Lagarde: Mood in Governing Council was ‘determined.’ Policymakers were “very focused” and paid special attention to the latest incoming data such as the bank lending survey. https://t.co/nAEvB1ohXd via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654111847102963713 #ECB's Lagarde: We are not pausing! We know we have more ground to cover! Markets price in two more 25bp rate increases. https://t.co/U58AWLgo7g via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654120983014555651 #ECB's Lagarde: “We are not Fed-dependent.” https://t.co/BuJ7tOHeSm via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654376381822713859 Good Morning from #Germany where factory orders fall most since pandemic as manufacturing continues to fare worse than other parts of Europe’s largest econ. March orders cratered 10.7% vs -2.3% expected. Slump was particularly pronounced in car industry.  https://t.co/SUUDtKNwW2 https://t.co/9ik31s0dm3 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654466972543795201 OOPS! US job gains and wages pick up, really not the direction the Fed wanted to see things. US economy adds 253k jobs in April vs 185k exp, showing labor mkt resilience. Unemployment rate declined to historic low 3.4%, & monthly wage gains accelerated to fastest rate since July. https://t.co/oAp1vW4X4k via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654469121382162432 Euro dropped <1.10 Dollar after hot US jobs data. https://t.co/kWJEsNyqRl via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654518943715926018 #Germany is weighing a reduced power price of 6 cents per kilowatt-hour for certain energy-intensive industries to help manufacturing-heavy econ. Measure expected to cost €25-30bn & last until 2030. Small & medium-sized firms currently pay ~27 cents/KWh. https://t.co/iY6XH44JmN https://t.co/Q0I391ecaf via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654628196447338499 US Bank run in slow motion continues: US Bank Deposits fell by $12.5bn in latest week. https://t.co/xMRNUYaCHh via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654823764540944385 Good Morning from #Germany where retail deposits have dropped. In March, Germans withdrew ~€18bn from their bank accounts possibly b/c banks do not pass on higher ECB rates to customers. Money mkt funds making comeback, as in US. But consumers may also have to liquidate savings… https://t.co/pDgTov9kfn https://t.co/HxgkInLryx via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655200920232247298 Good Morning from Germany, which despite an insanely expensive energy turnaround, does not have a single world-class green champion on the stock market. Sale of heat pump manufacturer Viessmann to US-based Carrier Global doesn't make things easier. Largest listed German green… https://t.co/LGA6Qxz3dy https://t.co/P9z2xQ0H9y via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655204307145293824 The value of global bonds drop another $340bn this week and thus no relief for the balance sheets of private banks. https://t.co/UvuJC6ogXR via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655237397708263426 Latest econ data suggest that #Germany is sliding into #recession. And Minister of Economics is shifting to a planned economic course which is not helping growth forces. The State of German Economy will be topic of my talk w/Sven Schmidt on the @officially_omr conference stage… https://t.co/qdNqRyxxYZ https://t.co/AO9abmTsLL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655287508773502976 Biden polls behind Trump (45-38%) & DeSantis (42-37%) in head-to-head matchups, although there are large numbers of undecided voters. >60% of Americans think Biden does not have the physical stamina to serve effectively as president. https://t.co/uc8cJXY56p HT (@knowledge_vital) https://t.co/iSP4eO2Hx7 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655455421631528960 Good Morning from Germany where Industrial Production has plunged 3.4% MoM in March vs. -1.5% expected, mainly driven by a 6.5% slump in auto production. Manufacture of machinery & equipment (-3.4%) & construction output (-4.6%) add to the significant decrease in total production https://t.co/Hgi1MSC311 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655521536990740482 RT @Schuldensuehner: Latest econ data suggest that #Germany is sliding into #recession. And Minister of Economics is shifting to a planned economic course which is not helping growth forces. The State of German Economy will be topic of my talk w/Sven Schmidt on the @officially_omr conference stage… https://t.co/qdNqRyxxYZ https://t.co/AO9abmTsLL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655698716852908038 Bill Gross says buy T-Bills amid ‘ridiculous’ debt ceiling issue. Says debt ceiling standoffs like this are ‘always resolved.’ US 1mth yield has jumped to 5.36%, highest level since 2001. https://t.co/yWkZ9VD8uY https://t.co/HsONjya0PK via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1655845286340591618 Good Morning from Berlin! Today no charts, no mkt caps, no CenBank‘s balance sheets, no terminal rates, no yields, only this delicious high-calorie yielding cheese cake w/poppy seed filling & blueberries! https://t.co/4JG1nykvYF via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656231674131390467 Good morning from #Germany, where the Internet sector has shrunk. Acc to @officially_omr's State of German Internet the German Internet Index GIX – which tracks all listed German internet firms w/mkt cap >€1bn – has shrunk from €46bn to €43bn within 1yr, despite fact that… https://t.co/vnZ85iNfUE https://t.co/s708wdrdzg via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656264935406444545 Debt is becoming increasingly expensive for Germany. German govt has sold 30y debt in auction at 2.53%, most expensive 30y auction since 2013. https://t.co/mTS1QKSX57 via @Schuldensuehner