Good morning from #Germany, where middle class can no longer afford real estate. Germans now have to take out an avg mortgage loan of €312k, which is ~7times their disposable income. For many, this leverage no longer affordable. Share of loans w/o down payment has risen to >20%.
PAR 05:32:28 GMT - 09/23/2021
German voters will be punishing Merkel's party for letting inflation spin out of control.
The socialists and green who propose price control and subsidies to fight inflation will win.
AFD which rightly blames the ECB for German citizens
problems offers no solutions as the ECB has a French - Italian style of monetary policy and will not listen.
Even if we get double digit inflation Lagarde will continue
with negative interest rates, devaluing the Euro and capital allocation to befriended countries and companies. Merkel's CDU has been killed by Macron's
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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