What’s going on? Germany’s key stock market index exposed a whole new look. What does this mean? In 2020, Wirecard (German fintech giant) collapsed after admitting that $2b it claimed to have in cash didn’t exist. But given its existing rules, the DAX (Germany’s stock market equivalent of the US’s Dow Jones Industrial Average) couldn’t…
Tag: germany
Ep 115: Courtroom Drama
What’s Going On Here? German courts ruled that the European Central Bank’s (ECB’s) economy-boosting quantitative easing program might be unconstitutional. Quantitative easing (QE) is when a central bank buys government bonds from the market and, in doing so, puts cash to work doing all sorts of productive things for the economy. What Does This Mean? German courts don’t think…
Ep 80: On The Pull
What’s Going On Here? With Germany’s unemployment rate unexpectedly falling in November, the country might now dig its heels in more than ever against the European Central Bank (ECB). What Does This Mean? The ECB has long been calling for Germany to boost its economy through extra public spending, but positive unemployment data might give the country’s…
Ep 74: Out Of The Frying Pan
What’s Going On Here? Germany surprised economists by revealing its economy actually grew in the third quarter – but with weak economic data out of China, investors might worry Germany’s still headed for the fire. What Does This Mean? An ongoing effect of the US-China trade war is weaker economic growth than there otherwise would be, as purchases get deferred and…
Ep 41: Deutsche Blank
What’s Going On Here? The $1 billion of profit Deutsche Bank‘s investors were expecting this year will probably be a loss instead. What Does This Mean? Deutsche Bank’s been struggling for a while: losing market share and getting embroiled in money laundering scandals. Money laundering is the process of concealing the origins of money obtained illegally by passing it through a…
with HT 