#Schuldensuehner : Global stocks drop on heightened Virus concern w/China equity surge hits pause. HK leading losses as a spike in new infections left govt set to close schools. Bonds higher w/US 10y yields at 0.6%, 10y Bunds at -0.48%. Oil continues drop w/WTI <$39. Gold around 1800, Bitcoin 9.2k. https://t.co/2gSOnPeMaV

#Schuldensuehner : The debt/GDP ratio for advanced G20 countries is set to rise beyond WW2 levels in the coming year, though differing underlying trajectories and magnitudes of support mean this worsening will not be uniform, Barclays says. https://t.co/SMKWfNapw1

#Schuldensuehner : OOPS! #Fed's balance sheet shrank for 4th consecutive week, shrank by $88.3bn, most since 2009, bringing total size back BELOW $7tn, as emergency loans to primary dealers & foreign central banks to shore up dollar liquidity matured. $248.1bn of LIQUIDITY WITHDRAW in last 4 weeks. https://t.co/Wv7o6T3ESq

#Schuldensuehner : Just to put things into perspective: COVID-19 has led US govt to deploy stimulus on an unprecedented scale. Congress has so far passed fiscal packages worth $3trn, or 15% of GDP. Budget deficits expected to rise to almost 20% of GDP in 2020 & remain elevated in '21 (via Barclays) https://t.co/z3XoL1VeDb

#Schuldensuehner : This chart by Barclays highlights why US govt can run up record-high debt w/o interest rates moving higher: Status of US dollar as reserve currency & US Treas as deep bond mkt unparalleled. 60% of global CenBk FX reserves held in USD, 60% of global debt & loans denominated in USD https://t.co/qcCj3ZKBGv

#Schuldensuehner : #ECB is seen spending close to another €2tn on assets by end of 2021. But most economists polled by Bloomberg expect officials to hold policy next Thurs. More than half of respondents predict an increase in ECB’s €1.35tn PEPP by €500bn in Dec. https://t.co/zEDa3iZo7P https://t.co/PQDg83l969

#Schuldensuehner : President Trump said phase two trade deal w/#China isn’t under consideration, saying the relationship between Washington & Beijing is “severely damaged.” “I don’t think about that,” Trump said when asked about the possibility of 2nd round of trade agreements w/China. (BBG) https://t.co/I84xidXuyh

#Schuldensuehner : Diversity instead of optimal currency area: ECB said it is accepting Bulgaria & Croatia to Exchange Rate Mechanism II, mandatory training grounds for euro adoption. Bulgarian lev set at 1€=1.95583 (like former DEM), while Croatian kuna set 1€=7.53450, w/fluctuation band of 15%. https://t.co/iuJBhigX8s

#Schuldensuehner : Dow jumps 370 points or 1.44% on virus treatment hope to end the week almost 1% higher. https://t.co/MiGtixslNE

#Schuldensuehner : Party like its 1999: Nasdaq closed at fresh ATH after a weekly run of 4%. https://t.co/nkd09irlpU

#Schuldensuehner : @geldhoch2 Ganz genau. You have to dance... Wünsche ebenfalls ein schönes Wochenende.

#Schuldensuehner : #Tesla shares went ballistic this evening. Jumps >1.5k w/some believing the comp could report a 4th consecutive GAAP profit and thus be eligible to enter the S&P 500 index. Mkt cap now $287bn, more than 3 times VW's mkt cap. https://t.co/eyDsOBUnF9

#Schuldensuehner : Tesla's Elon Musk is now richer than Warren Buffett: The 49y old owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his $70.5bn fortune. His majority ownership of closely held Space-X accounts for $15bn. https://t.co/9IezgPTNXi https://t.co/8AtBPmySCv

#Schuldensuehner : It looks like this year that Main St (retail investor) will beat Wall St (institutional investors) in the markets. Goldman Sachs Retail Basket w/Robinhood Favs has gained +24%Ytd while Dow Jones down -8% YTD. https://t.co/YflEK3z3qe

#Schuldensuehner : Here's proof that the pull of the crisis-plagued euro is proving hard to resist, at least if you are #Bulgaria or #Croatia. Poland, Hungary, Czech, Denmark, Sweden prefer to stay outside. Euro-area expansion comes with risks for them and the #ECB. https://t.co/yLG296tkfR https://t.co/SCeNSFTIBJ

#Schuldensuehner : In contrast, even the fat cats of Wall St are poor suckers: Tech CEOs earn billions. No one embodies this better than #Tesla's Elon Musk, who was highest-paid US CEO for 2019 w/$595.3m, acc to Bloomberg. Coupling salary to stock market works well for CEOs. https://t.co/PCn2EAjrlP https://t.co/MG5NZ1slAh

#Schuldensuehner : Big Tech is eating the world: Combined mkt cap of #FANGMAN (Facebook, Amazon, Netflix, Google, Microsoft, Apple, Nvidia) tops $7tn this week, equal to combined GDP of #Germany, #Italy and #Indonesia. https://t.co/DO4j4OJAOp