FDAX is meanwhile so crowded with ALGOS that it needs time and volume to work through prices...correlation with ES in the afternoon breathtaking. Money making machine....
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Short DAX at 7740
- Thread starter ASusilovic
- Start date
Germany must do all it can to save General Motors Corp.âs Opel unit to help the industrial base survive the recession, Foreign Minister Frank-Walter Steinmeier said as a presented his partyâs program for Sept. 27 elections.
âGermany must stay the No. 1 production center and economic motor for Europe, thatâs the basis of our wealth,â Steinmeier said in the text of a speech in Berlin today to about 3,000 party members. âFor that reason, we must do everything in our power to save a company like Opel, because whatever goes belly-up wonât bounce back after the crisis.â
Steinmeier, whose Social Democratic Party approved its campaign program yesterday, taunted his coalition partners from Chancellor Angela Merkelâs Christian Democratic Union and the opposition Free Democrats, Merkelâs preferred ally, for their opposition to the state taking a stake in Opel.
âItâs a jokeâ that the two parties âwelcome a Middle East wealth fund read : sovereign wealth fund taking a stake in Daimler, but rule out from the start the government taking a temporary stake in Opel,â Steinmeier said.
Dieter Zetsche, Daimler AG chief executive officer, told the annual shareholder meeting this month that the companyâs funding is âsecureâ partly because it recently received a 2 billion-euro ($2.6 billion) investment from Abu Dhabiâs sovereign wealth fund in return for 9.1 percent of its stock.
âGermany must stay the No. 1 production center and economic motor for Europe, thatâs the basis of our wealth,â Steinmeier said in the text of a speech in Berlin today to about 3,000 party members. âFor that reason, we must do everything in our power to save a company like Opel, because whatever goes belly-up wonât bounce back after the crisis.â
Steinmeier, whose Social Democratic Party approved its campaign program yesterday, taunted his coalition partners from Chancellor Angela Merkelâs Christian Democratic Union and the opposition Free Democrats, Merkelâs preferred ally, for their opposition to the state taking a stake in Opel.
âItâs a jokeâ that the two parties âwelcome a Middle East wealth fund read : sovereign wealth fund taking a stake in Daimler, but rule out from the start the government taking a temporary stake in Opel,â Steinmeier said.
Dieter Zetsche, Daimler AG chief executive officer, told the annual shareholder meeting this month that the companyâs funding is âsecureâ partly because it recently received a 2 billion-euro ($2.6 billion) investment from Abu Dhabiâs sovereign wealth fund in return for 9.1 percent of its stock.
The basis of German wealth is the basis for other's debt misery:Quote from ASusilovic:
âGermany must stay the No. 1 production center and economic motor for Europe, thatâs the basis of our wealth,â
a debt-driven consumption frenzy in large parts of the Western world that is coming to an abrupt end. However, Germans still naively believe in a V-shaped rebound of global debt financed consumer spending? Sooner or later they will have to face reality.
Quote from makloda:
The basis of German wealth is the basis for other's debt misery:
a debt-driven consumption frenzy in large parts of the Western world that is coming to an abrupt end. However, Germans still naively believe in a V-shaped rebound of global debt financed consumer spending? Sooner or later they will have to face reality.
Very good summarization of the German way of thinking. Expect more pain to come to German export "world champions". Eur industrial production - 18, 4 % yoy. You should think about twice what this means with regards to "changes" in industrial structures.
WIESBADEN â As reported by the Federal Statistical Office (Destatis), the index of producer prices for industrial products (domestic sales) for Germany fell by 0.5% in March 2009 from the corresponding month of the preceding year. This was the lowest year-on-year-rate since September 2002 (â1.1%). In February 2009, the annual rate of change was +0.9%.
Compared with the preceding month, the index fell by 0.7% in March 2009 (â0.5% in February 2009)
Compared with the preceding month, the index fell by 0.7% in March 2009 (â0.5% in February 2009)
Goldman Sachs on Monday upgraded its Europe technology sector to overweight from neutral, and upgraded Nokia Corp saying technology should benefit more than other sectors from an "improving" macro environment...