BREAKING: The right-wing AfD and the anti-woke BSW emerge as clear winners in the German state elections of Saxony and Thuringia, while the globalist government parties suffer a crushing defeat.
Source: Dr. Simon Goddek on X
Eye-opening chart, standard of living in Poland is catching up with Japan within just one generation...
Source: Michel A.Arouet
Europe on its way to become retirement home
There are just three options to avoid a collapse: 1. Drastically increase retirement age 2. Cut pensions and healthcare 3. Skilled, educated immigration Source: Michel A.Arouet
Euro jumps to highest since July 2023 following dovish Powell remarks
The most important statement in his speech: “We do not seek or welcome further cooling in labor market conditions.” Source: Bloomberg, HolgerZ
French Economy Gets Olympic Boost as Germany’s Malaise Deepens French composite PMI rises to 52.7; Germany’s down to 48.5.
‘August is likely an outlier due to the Olympic Games’ French services expanded at the fastest pace in more than two years, driving Europe’s second-biggest economy as visitors from around the world flocked to Paris for the Olympic Games. S&P Global’s Purchasing Managers’ Index for the sector surged to 55 in August from 50.1 in July, far above the 50 threshold that divides growth from contraction and the median estimate of 50.3 in a Bloomberg survey. Source: Bloomberg
This is the reality the old continent needs to face: There is only one way to prosperity, hard work and higher productivity
UK and the eurozone have been lagging the US big time. Time for a wake-up call? Source: FT. Michel A.Arouet
Economic malaise deepens in Germany
German private sector falls deeper into contraction, flash PMI shows. German Composite PMI Index dropped to 48.5 in August, a 5mth low, down from prior 49.1 and below the expected 49.2. Manufacturing PMI fell to 42.1 from 43.2, below the consensus estimate of 43.5. On the services side, the PMI also hit a 5mth low of 51.4, compared w/prev reading of 52.5 and analysts forecast of 52.3. The report adds to evidence that Germany's recovery has fizzled out. GDP unexpectedly contracted by 0.1% in Q2, and analysts polled by Bloomberg predict barely any expansion at all over the whole of 2024. Source: Bloomberg, HolgerZ
While Europe is deindustrializing, US industrial renaissance is in full swing
17% annual return anyone? Source: Michel A.Arouet, BofA
