I may need some positivity on this dreary foggy day. Crossing the channel with fog horns blasting away, I could find myself laying next to Glenn Miller's trumpet - must be worth a few quid I reckon.
Stagecoach - maybe Italy would do better abiding by their own budget rules - not the EUs. The country is a debt slave to the ECB, like the rest of them.
Living within ones means is a lesson for the whole world, not just Italy. The world is monetarily fcuked up to put it mildly.
Following on from yesterday's dismal German data - today it continues.
German Industrial Production registered minus -0.4 on a forecast of 0.8. Six out of the last seven months have been negative.
The heartbeat of Europe is having an angina attack - not good
Boomer - just been looking. I buy litre bottles courvoisier £22.50.
I bought a bottle of Hennessy in Budapest over Xmas - Christ it was sharp. Drank half then gave the bottle to a homeless soul huddled up in a doorway outside the hotel.
Boomer - more importantly before we exit I'll be stocking my wine cellar, including the courvoisier.
Oxo, when the EU squabbling begins, self interest will always trump group interest - dog eat dog, the nature of the beast - summut like that.
I get the impression many on here aren't to keen on the EU.../s...lol
German Factory Orders Plunge Most Since 2012 As Economy Hits A Wall
Adding more fuel to the rapidly worsening outlook on the German economy, which economists at Deutsche Bank warned on Tuesday appeared to be drifting toward recession, German factory orders posted their biggest yoy slump since 2012 in December, extending a slump that began seven months ago.
December's 1.6% monthly drop was the steepest in six months, contributing to a staggering 7% drop yoy.
Previous -0.2
Forecast 0.3
Actual. -1.6 OOoch!
As for Tusk, I can see his refugee status being declined - priceless.
Some learning curve then. They wiped the floor with other brokers in 18.
Pray to God the brokers don't analyse global warming - we'd have a meltup senario.
Markets are piggy backing the FED - not healthy. In otherwords, the market is the FED, or ECB BOJ BOE ect. Suppliers of monetary cocaine for those in need. When they take it away, the markets go into withdrawal which you witnessed last year.
FED rate 2.25 tipping point. QT autopilot abandoned = market lift since Xmas - Expect lower rates and more QE. Party 2.0
Speaking of HS2. The Italians went on a massive spending spree between Turin & Milan - big bucks. HS rail link, bridges, roads...you name it.
Funding it, well I'll leave it there.