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Germany's government is the latest casualty of the "vibecession." Amid a flurry of political activity, the markets throw up another major warning with the first ever negative swap spread. Predictably, the mainstream media can't make sense of swaps, the situation, or the economics. It's the economy, stupid. Eurodollar University's Money & Macro Analysis Bloomberg Germany’s Government Puts Itself Out of Its Misery https://www.bloomberg.com/opinion/articles/2024-11-07/germany-s-coalition-government-puts-itself-out-of-its-misery Bloomberg Fear of German Debt Binge Flips Key Market Gauge for First Time https://www.bloomberg.com/news/articles/2024-11-07/fear-of-german-debt-binge-flips-key-market-gauge-for-first-time Bloomberg Scholz Sees Germany Riding Out War in Ukraine Without Recession https://www.bloomberg.com/news/features/2023-01-17/german-chancellor-olaf-scholz-on-2023-economic-outlook-war-in-ukraine https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |