https://twitter.com/Schuldensuehner/status/1657724872586305537 Good Morning from #Germany where the Greens heading for setback in tdy's election in city-state of Bremen, w/voters expected to punish them over concerns their climate policies will place excessive burden on households. At federal level, Greens have fallen to 16%, on par… https://t.co/IdKKKi97Sy https://t.co/OWBlvNAHBG via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657779400971112452 Scholz's SPD wins Bremen regional vote on 29.5% (+4.6ppts), German CDU party 2nd in Bremen on 25.5% (-1.2ppts); Greens drop to 12.5% (-4.9ppts), acc to ARD exit poll. https://t.co/P9zNIDn0v1 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657783925555568642 Who is right, Mr. (Bond) Market or Mr. (Stock) Market? CDS prices jump as fears of a US debt default are mounting w/the deadline to lift the borrowing limit looms. But stock market investors remain complacent as the low Vix shows. https://t.co/xiZLTb77Yo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657818335902421002 The increase in borrowing costs since SVB failed corresponds to a 200bps permanent Fed hike for regional banks and 50bps permanent Fed hike for large banks, Apollo's Slok. Weighing these estimates together gives an econ-wide Fed tightening of >100bps for entire banking sector. https://t.co/YhjXM8xTL0 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657905917201973250 Erdoğan and Kılıçdaroğlu locked in tight race for Turkish presidency. #Turkey’s presidential election has turned into one of the world’s most important pol contests this year b/c of massive implications for future of democracy in NATO member of 85mln people.… https://t.co/eiA1Xyv4Lk https://t.co/dSlBgGN6Ag via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658013496154439682 Good Morning from #Germany where Peak #Inflation narrative gets another favorite number: Prices in wholesale trade fell by 0.5% in April 2023 YoY. The first YoY decrease since Dec 2020 was mainly driven by mineral oil products (-15.7% YoY), scrap & residual materials (-31,5 %),… https://t.co/gMLk6msoam https://t.co/1qiGsRjgSz via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658022158658854912 EU raised Eurozone 2023 inflation forecast to 5.8% from 5.6%, 2024 inflation forecast to 2.8% from 2.5% as core inflation, which excl volatile energy & food prices, is proving more persistent. Eurozone GDP forecast lifted by 0.2pps to 1.1% for 2023, 1.6% for 2024 up from 1.5%. https://t.co/K6RVGsOsi6 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658037564639420418 #Turkey Lira on the way to 20 per Dollar following the presidential election as investors see an 80% chance that Erdogan will win the runoff, sending the country into a Balance of Payment crisis. https://t.co/rezhkF8CHz via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658081564285124620 Markets are not always right, as can be seen from the election results in #Turkey. Interest rate markets had put a relatively higher probability on an opposition win in the presidential election, pricing in an expected policy interest rate of close to 40% in one month’s time,… https://t.co/Jsg3A0KGze https://t.co/ndJ4r3CWHg via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658134636860416001 European natural gas prices dropped another 2% to €32/MWh, lowest level since Summer 2021. https://t.co/bvpPua7xK5 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658145118610763778 Mind the gap! The gap between #inflation and the key interest rate in #Turkey is unlikely to be closed anytime soon, w/current president Erdogan in pole position for the runoff election in two weeks. https://t.co/VXFgoPFkmL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658366996155596802 Good Morning from #Germany where the positive development of employment continues. Roughly 45.6 mln people were in employment in Germany in Q1 2023, an increase of 150,000 compared w/previous quarter and a fresh record. https://t.co/O0t0WSBr8Y via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658370660257734660 Elon Musk says George Soros reminds him of this Marvel supervillain Magneto after Soros dumped entire #Tesla stake worth $16.3mln: 'He wants to erode the very fabric of civilization,' @elonmusk tweeted. Magneto is a supervillain in the Marvel Comics universe who possesses… https://t.co/yXDVWwPhDu https://t.co/M7VgWWfA8H via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658385982729617408 #Turkey post-vote selloff continues. Bank Stocks dropped >8%, most in 9 months, while Turkey Lira on course to fresh All-Time low. https://t.co/qycU0QF0eX via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658756818703642625 Good Morning from #Germany for which #IMF recommends revamping its debt brake rules & curbing use of off-budget funds. Deficit ceiling should be raised by 1ppt of GDP to create fiscal room to invest in future. Germany’s debt brake restricts federal govt deficit to 0.35% of GDP.… https://t.co/QurKu5e5tV https://t.co/GYtwHKQdqA via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658821590165929984 @ClaasGefroi Passt vielleicht nicht in Dein @WELT-Bild. Aber dröhnendes Schweigen kann ich da nicht erkennen! https://t.co/Ug01ql2raC via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658840469722341378 The Greens in Germany are currently experiencing a decline in voter favor b/c they are being blamed for the chaos in energy policy. They would currently just get 15% of the vote and have thus fallen behind the radical right-wing AfD. https://t.co/wuUblPstnv via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658999919188017152 #ECB balance sheet has risen again last week as more bonds were bought than matured. Total assets rose by €11.6bn, most since Jan. ECB Balance sheet now at €7,728.6bn, equal to 59% of Eurozone's GDP vs Fed's 32%, SNB's 113% and BoJ's 130%. https://t.co/J9D90wCq7I via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659130240709410816 Good Morning on Father's Day from #Germany where German benchmark index Dax has hit a fresh 2023 high >16k, just 100 points shy of an ATH. Rally is mainly driven by earnings growth as avg Dax PE is at 11.5. This is in line w/the long-term average. https://t.co/B53ZUPNADa https://t.co/O8kbtIf0GF via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659157594944991238 Union membership in US is nearing a 100y low while inequality keeps rising. For all the news surrounding new unionization efforts among Hollywood writers, Starbucks employees, Amazon warehouse workers, and, most recently, dancers at a Los Angeles strip club, the fact is that… https://t.co/bLp2ZSP02u https://t.co/Mkkc4bLNkz via @Schuldensuehner