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

https://twitter.com/Schuldensuehner/status/1656558086469869568 Good Morning from #Germany, which continues to lose its appeal as a business location. The number of foreign direct investments in Germany declined again last year - against slightly positive European trend. Only 832 projects were lowest level of foreign investment since 2013. https://t.co/DpD41kwRhP via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656561734092554241 #Germany has fallen further behind #France as an investment location or as investment platform. It is of little comfort that the decline in the UK and Spain has been even greater. #Turkey, #Portugal, #Poland & #Ireland were the big winners for foreign direct investments (FDIs). https://t.co/coMzPD9OPS via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656579081318678530 OOOPS! Consumer expectations for Eurozone #inflation rose „significantly” in March — bolstering case of #ECB officials who say rate hikes may need to persist beyond the summer. Inflation 3 years ahead seen at 2.9%, further above 2% goal. https://t.co/EZoJEGakEZ https://t.co/PnJGtC7NBt via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656657291079475204 OOPS! The initial US jobless claims saw a very large spike, jumping to 264k, up from 242K the prior week & compares to ~205k in early Jan). This is the highest level of claims since Oct 30, 2021. (via @knowledge_vital) https://t.co/KIAJwIdGnM via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656763822529564673 OOPS! #Fed emergency bank loans rise to $92.4bn from $81.1bn the prior week as loans from the Bank Term Funding Program (BTFP) rose to a fresh record $83.1bn, while borrowings from Fed’s discount window slightly rose to $9.3bn. https://t.co/iXvuE8szh0 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657008335881641984 Good Morning from #Germany, where the average working hours are the lowest in the OECD countries. On average, German citizens work 1,349 hours a year, compared to 1,791 hours in the USA. https://t.co/Hpo5SdlKMd via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657054510680887296 1 month US Treasury yield jumps as US at "significant risk" of default in first two weeks of June if Congress doesn’t address the debt ceiling, CBO said. BUT US can avoid default in July if Treasury can make it through June cash crunch. https://t.co/RjjgR5nTvY https://t.co/nnnWxlobh7 https://t.co/vNEHGQQMMG via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657062877528719365 #Google is catching up to #Microsoft in the race for AI. Google will start experimenting w/a more conversational search engine & has made its AI-powered chatbot available more broadly, comp said at its annual developer conference on Wed. The share price gained 11% this week. https://t.co/fv42OaYXVO via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657324720180670464 Good Morning from #Germany which announces a record €2.7bn in military aid for Ukraine, incl tanks & anti-aircraft systems, ahead of possible visit by President Zelenskiy. This is in addition to €7.4bn that Germany has provided so far in form of financial, humanitarian &… https://t.co/2AQ9Ss4x5p https://t.co/Jd0qPd8EWA via @Schuldensuehner