This page has been archived and commenting is disabled.
German Factory Orders Tumble By Most In 9 Months, Spanish Bond Yields Turn Negative
Bad news is even better news in Europe. "Core" Germany saw its powerhouse economy suffer the biggest drop in Factory Orders since June (-1.3% YoY) missing expectations for the 2nd month in a row - the first consecutive drop since may 2013 (despite German business confidence rising for the 5th month in a row) as apparently devaluing the EU's currency is not encouraging business. The result... DAX futures surging, bond yields tumbling and Spanish bond yields to 6 months are now negative...
Not pretty...
But that's great news for stocks...
And now Spanish bond yields are negative to 6 months... (3month has been negative for a week)
"Normal"...
Charts: Bloomberg
»
- 10899 reads
- Printer-friendly version
- Send to friend
- advertisements -
This should really light a fire under global equity markets.
NEGATIVE Spanish yields?
Christ almighty those people* are going to get burned badly-
* And by "those people" I mean the ECB, Spanish Banks & Spanish Pension funds.
It should, but the banksters will prevent it, at least for now (but the blowback will be horrific).
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
I'm making $700 per hour performing the Dirty Sanchez on your mom.
Is this how you really want to provide for yourself and your family -- attempting to screw people over?
Listen, if you want a great audience for this stuff - may I suggest advertising with AARP?
who's "Winter? " And what does he pay for you blowing him?
Negative yields are bullish in the new economy.
Another turd circling the bowl...........
Must be the greeks who stopped ordering, since by now every idiot knows that they will not pay what they order!
Negative yield + unable to pay back = good investment.
I got it now, calling my broker to tell him "buy,buy,buy!"
dont cha know negative is positive? wrong is right? oh yea, wrong is the new norm. got it>now go out and get your piece of the action...fucken eh.
Consider it "socialism" for the 3 comma crowd.
Horaah, you buy somebody´s debt with negative gearing and the party obviously does not have any intention to pay back the principal.
Sounds like the U.S. to me.
Sounds like the world to me.
It is still uncertain which effect the Russian sanctions have on the economy and I would not be surprised if manufacturing output reduction would be one of the consequences. I think Bruxelles and Berlin play this down and avoid publishing figures. In the 4th quarter purportedly 1.400 small companies closed in the italian region Emilia Romagna because of the Russian ban on EU agricultural products, Greece's revuenue losses should amount to about 1 billion in 2015 and I would not be surprised if total EU revenue losses in 2015 would amount to at least EURO 50 billion. This figure is only export related and does not include revenue losses related from lower Russian spending in the EU (particularly affected is tourism and consumer spending in destinations such as Berlin). We will have to wait a bit longer, probably until 2nd quarter 2016, to see confirmation. The German industry association asked their members not to bicker about the sanctions but to reinforce their "transatlantic business". Guys, please buy the German stuff that the Russians do not take any longer!
I can tell you straight - Germany was doing quite OK before the Russian sanctions, it was growing, it really was the engine of EU. The Rusians sanctions have brought Germany to its knees and it will only get worse. If you ask German businessmen, they are furious as hell!!! Merkel is under an inmense pressure from German elites to reconciliate with Russia. This is what is interesting - European elites, especially French and German elites, are now in opposition to UK/USA elites. The USA can control German politicians so far BUT I think the rich Germans will not let it continue. Merkel is perhaps able to withstand the pressure from common Germans from the streets, but she will not be able to withstand the pressure from her own German oligarchs. It will get very interesting.
i'm german, and germans don't fucken suck hind tit, so this makes no sense. tell usa to fuck off and go fuck with brown people. oh they are, well then fuck with them moar. leave us alone. we got our own problems, like a failed union and currency...
Your comment does not even represent a minority in Germany.
For sure there is criticism - but a little bit more distiguished. I'm in doubt about your nationality.
Fucken bullish. Is anyone missing 20 year neg rates in Japan. Spoke to a jap equity fund manager who advised me not to worry so much as the BOJ will eventually write off all the shit it buys. Fuck me, is this the future??
yes. next question?
and why wouldn't they? thinkm about it, it's an obligation to themselves. lets see, i owe myself one hand job, ok done, now what?
Obama should boycott USSR, start a global recession
Has he got a time machine?
BTFD - Buy The Fucking Dax.
ZH uses such ridiculous mind-control
Of course a market segment has to some point cool off for a period yet over and over and over this site paints it as if the sky is falling if there's any contraction
Fear-mongering like the MSM
Please do show us any factual evidence you have to the contrary. A country where orders for cap goods have been up within the last two years? A sign of real growth or recovery ANYWHERE?
Go ahead. We'll wait.
Does not compute, I have been programmed to deny any nay saying.
You dont find bad economic news reacted to positively in the investment sector a bit odd?
As we nowadays all should know a drop of factory orders especially in the European "new normal" does not necessary mean a drop of "real yields" ;-)
Greece ordered a lot of stuff but almost never paid....
Perhaps this way is better for German taxpayers and low income workers not to send money together with products.