testosteronepit's blog

‘Punishment Interest,’ as Germans call it with Teutonic precision, becomes a pandemic.

Job cut announcements in tech doubled from a year ago. Worst year since 2009.

“Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.

Instead of a global recovery, a sudden, broad consumer slowdown – with a plunge in China.

Theories abound why this is suddenly happening, after years of deceptive calm.

Mega-startups go parabolic. Flame-out already happening.

That these comparisons to January 2009 are suddenly cropping up is unnerving. Stocks are rolling over.

And German consumers were supposed to save the Eurozone – along with the global economy.

In the past, they were early, but they were right.

The word “gloomier” inconveniently shows up to describe CEOs’ outlook.

Rents and housing costs make up 30% of CPI. They’re its largest component. They’re soaring in real life. But not in the CPI.

Financial engineers have taken over; actual engineers are relegated to an expense category that must be cut.

The “faster rotating sanctions spiral with Russia” causes worst plunge in the history of the German consumer index.

“Here’s when US equity and bond markets will change direction: when investors come to fear the next Fed-talk.”

Junk bond investors are running for the hills. But there are no hills.