# ![@Schuldensuehner Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::40129171.png) @Schuldensuehner Holger Zschaepitz

Holger Zschaepitz is not mentioned in the provided tweets. However, the tweets discuss various economic issues, primarily focusing on Germany and the global economy. Germany's economy is facing challenges, including a decline in industrial production, rising unemployment, and a need for reforms to avoid losing its industrial heart.

### Engagements: [------] [#](/creator/twitter::40129171/interactions)
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- [--] Week [-------] -37%
- [--] Month [---------] +43%
- [--] Months [----------] +33%
- [--] Year [----------] -44%

### Mentions: [--] [#](/creator/twitter::40129171/posts_active)
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- [--] Week [--] +3.60%
- [--] Month [---] +67%
- [--] Months [---] +9%
- [--] Year [---] -30%

### Followers: [-------] [#](/creator/twitter::40129171/followers)
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- [--] Week [-------] +0.14%
- [--] Month [-------] +0.89%
- [--] Months [-------] +2.50%
- [--] Year [-------] +5.10%

### CreatorRank: [-------] [#](/creator/twitter::40129171/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::40129171/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  57.86% [countries](/list/countries)  32.7% [currencies](/list/currencies)  15.09% [stocks](/list/stocks)  6.29% [cryptocurrencies](/list/cryptocurrencies)  4.4% [technology brands](/list/technology-brands)  4.4% [us election](/list/us-election)  4.4% [travel destinations](/list/travel-destinations)  2.52% [financial services](/list/financial-services)  1.26% [automotive brands](/list/automotive-brands)  1.26%

**Social topic influence**
[germany](/topic/germany) #623, [stocks](/topic/stocks) 11.32%, [inflation](/topic/inflation) 8.18%, [debt](/topic/debt) #186, [euro](/topic/euro) 6.29%, [russia](/topic/russia) 6.29%, [vix](/topic/vix) 5.66%, [level](/topic/level) 5.03%, [ai](/topic/ai) 5.03%, [china](/topic/china) 5.03%

**Top accounts mentioned or mentioned by**
[@strykrai](/creator/undefined) [@silkelutz](/creator/undefined) [@jc_chronister](/creator/undefined) [@drhartmutfeucht](/creator/undefined) [@conkers3](/creator/undefined) [@the_modernshift](/creator/undefined) [@hiopien](/creator/undefined) [@knowledgevital](/creator/undefined) [@welt](/creator/undefined) [@ch2christo](/creator/undefined) [@vladbastion](/creator/undefined) [@william_r2rclub](/creator/undefined) [@chrisconsultan](/creator/undefined) [@macrobombastic](/creator/undefined) [@grok](/creator/undefined) [@natetures](/creator/undefined) [@arhamgrowthcap](/creator/undefined) [@alex13901873](/creator/undefined) [@kivijussi](/creator/undefined) [@carstenbrzeski](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Rally (RLY)](/topic/rally) [Microsoft Corp. (MSFT)](/topic/microsoft) [Goldman Sachs (GS)](/topic/goldman-sachs)
### Top Social Posts
Top posts by engagements in the last [--] hours

"OOPS The total value of the US stock market is now 245% of the countrys GDP far above the 100% level that Warren Buffett considers a sign of a market bubble"  
[X Link](https://x.com/Schuldensuehner/status/1985119527265284452)  2025-11-02T22:59Z 365.2K followers, 461.3K engagements


"FOBO is the new FOMO. 📉 Fear Of Becoming Obsolete is ripping through the software sector. We are moving from "Generative AI" (tools) to "Agentic AI" (replacements). If your SaaS product just digitizes a process Anthropics Opus [---] just made you vulnerable. The "moat" is gone"  
[X Link](https://x.com/Schuldensuehner/status/2020225622744928680)  2026-02-07T19:58Z 365.2K followers, 185.6K engagements


"EU carbon prices continue to fall after German Chancellor Friedrich Merz told an industry summit that the EU should be open to revising or postponing the Emissions Trading System. Prices are now down around 20% from their mid-January highs following a series of developments that have heightened concerns about policy risk"  
[X Link](https://x.com/Schuldensuehner/status/2022310030968488100)  2026-02-13T14:00Z 365.2K followers, 24.9K engagements


"Good Morning from Germany where #disinflation is on the way. German wholesale prices drop 2.9% YoY in June an acceleration from the 2.6% decline from May & the biggest annual decrease since June [----]. Lowerwholesaleprices could translate to falling #inflation in Germany"  
[X Link](https://x.com/Schuldensuehner/status/1679818566160244736)  2023-07-14T11:42Z 365.1K followers, 133.9K engagements


"Germany's benchmark DAX index has surpassed [-----] points for the first time even as the country is in recession"  
[X Link](https://x.com/Schuldensuehner/status/1889313218880762235)  2025-02-11T13:59Z 365K followers, 152.5K engagements


"European spirits and drinks makers drop after US President Donald Trump threatened to retaliate w/a 200% tariff on European alcoholic products. Spirits maker Pernod Ricard dropped -3% cognac producer Remy Cointreau -3.4% Davide Campari -2.8% Diageo -0.3%"  
[X Link](https://x.com/Schuldensuehner/status/1900159538663174309)  2025-03-13T12:18Z 365K followers, 21.5K engagements


"🚨 Michael Saylor's Strategy (ex-MicroStrategy) turned selling stock into a Bitcoin accumulation machine. 💥 [-------] Bitcoin worth $63.8bn on the balance sheet 🔁 Enterprise Value Strategy $111bn: Stock premium = rocket fuel 📈 Plans to raise $84bn more Meanwhile Trumps media firm just joined the game with a $2.5bn capital raise. Whos next #Bitcoin #Saylor #CryptoStocks #BTC https://www.bloomberg.com/news/articles/2025-05-27/wall-street-can-t-beat-michael-saylor-s-runaway-crypto-enginesref=R17xFhjo"  
[X Link](https://x.com/Schuldensuehner/status/1927476857710034977)  2025-05-27T21:27Z 365.1K followers, 20.7K engagements


"Good Morning from #Germany where the economic slump worsened in Q2. GDP fell by 0.3% in Q2 QoQ worse than the initial estimate of -0.1% mainly due to a sharp drop in capital investment which declined 1.4%. Consumer spending rose by 0.1% QoQ contributed less than prev thought while govt spending rose 0.8% QoQ. The size of the German economy is currently still slightly below its [----] level ING's @carstenbrzeski has calculated: "It looks increasingly unlikely that any substantial recovery will materialise before 2026" he says."  
[X Link](https://x.com/Schuldensuehner/status/1958805454831911132)  2025-08-22T08:16Z 365K followers, 52.2K engagements


"Good Morning from Germany where the welfare state continues to grow unchecked. The welfare-state ratio (share of the economy that goes into financing the welfare state) has now climbed to well over 30% a sign of distorted incentives and an increasingly expensive social system"  
[X Link](https://x.com/Schuldensuehner/status/1995451110610317319)  2025-12-01T11:13Z 365K followers, 164.3K engagements


"The "Sell America Trade" is back. Trumps latest threats around Greenland pushed global investors to shift exposure away from US-centric investments. Dollar index headed for its biggest decline since April. US bond prices tumbled sending yields spiking. https://www.cnbc.com/2026/01/20/sell-america-trade-dollar-treasury-gold-us-trump-greenland.html https://www.cnbc.com/2026/01/20/sell-america-trade-dollar-treasury-gold-us-trump-greenland.html"  
[X Link](https://x.com/Schuldensuehner/status/2013681907330888087)  2026-01-20T18:35Z 365.1K followers, 34.5K engagements


"#Gold tops $5000 an ounce for the first time extending a breakneck rally fueled by US President Donald Trumps reshaping of international relations and investor flight from sovereign bonds and currencies"  
[X Link](https://x.com/Schuldensuehner/status/2015585731092083026)  2026-01-26T00:41Z 364.7K followers, 41.2K engagements


"Good Morning from Germany where consumers are finally feeling a bit more optimistic GfK Consumer Sentiment jumped for Feb to [-----] from [-----] in Jan driven by rising wages & falling inflation. Propensity to buy hit its highest level since March [----]. However experts warn the recovery remains fragile due to geopolitical risks. https://twitter.com/i/web/status/2016413561535299749 https://twitter.com/i/web/status/2016413561535299749"  
[X Link](https://x.com/Schuldensuehner/status/2016413561535299749)  2026-01-28T07:30Z 364.7K followers, 27.1K engagements


"It looks like negative interest rates are returning to #Switzerland. Government bonds w/maturities of up to 4yrs are now yielding negative returns"  
[X Link](https://x.com/Schuldensuehner/status/2016561753656639579)  2026-01-28T17:19Z 364.9K followers, 156.5K engagements


"Good Morning from Germany where the value of the countrys gold reserves has climbed to 496bn. Germany holds [----] tonnes of gold through the Bundesbank. More than [----] tonnes are stored in New York with the rest held in Frankfurt and London"  
[X Link](https://x.com/Schuldensuehner/status/2016835211120591270)  2026-01-29T11:25Z 364.7K followers, 135.9K engagements


"Good Morning from #Germany where gas storage levels continue to fall and now stand at just 34.4%. This is a new record low for this time of year normally storage levels are well above 50%. And storage levels are also below the European avg of just under 43%"  
[X Link](https://x.com/Schuldensuehner/status/2017162339825352712)  2026-01-30T09:05Z 364.9K followers, 28K engagements


"#Germanys economic stagnation is having an increasingly strong impact on the labor market. The number of unemployed has risen by 177k in January MoM to [-----] million the highest level since [----] and the unemployment rate increased from 6.2% to 6.6%. However on a seasonally adjusted basis the picture is more stable: the unemployment rate remained unchanged at 6.3% and the number of unemployed stayed below the [--] million mark. https://twitter.com/i/web/status/2017178287559057719 https://twitter.com/i/web/status/2017178287559057719"  
[X Link](https://x.com/Schuldensuehner/status/2017178287559057719)  2026-01-30T10:09Z 365.1K followers, 32.3K engagements


"Investors betting on reflation dont seem thrilled by Kevin Warshs Fed nomination. Gold Silver and Bitcoin assets that benefit from abundant Fed liquidity are all down today. While Warsh supports lower interest rates he also wants the Fed to shrink its balance sheet which would drain liquidity from the market. https://twitter.com/i/web/status/2017247965656572128 https://twitter.com/i/web/status/2017247965656572128"  
[X Link](https://x.com/Schuldensuehner/status/2017247965656572128)  2026-01-30T14:46Z 365.1K followers, 50.8K engagements


"Stanley Druckenmiller says Kevin Warsh is not a permanent policy hawk. Gold and silver prices plunge as Trump picks Warsh as next Fed chair. https://www.ft.com/content/4ec81de7-eb59-4be8-81db-bff657e6c5d3 https://www.ft.com/content/4ec81de7-eb59-4be8-81db-bff657e6c5d3"  
[X Link](https://x.com/Schuldensuehner/status/2017394952980898136)  2026-01-31T00:30Z 365.1K followers, 55.9K engagements


"Good Morning from Germany where inflation has picked up again. Headline CPI rose from 1.8% in Dec to 2.1% in Jan w/food inflation accelerating from 0.8% to 2.1% the highest level since Sep [----]. Core inflation also moved higher increasing from 2.4% to 2.5% as service prices remained the main driver. That said inflation had dropped by about half a percentage point in December due to a base effect which was only partially reversed in Jan. https://twitter.com/i/web/status/2017518924347088911 https://twitter.com/i/web/status/2017518924347088911"  
[X Link](https://x.com/Schuldensuehner/status/2017518924347088911)  2026-01-31T08:42Z 365.1K followers, 35.4K engagements


"Good Morning from Germany where retail deposits have surged to nearly [--] trillion driven by strong gains in real wages and a generally risk-averse approach to investing"  
[X Link](https://x.com/Schuldensuehner/status/2017895714467016803)  2026-02-01T09:40Z 365.1K followers, 114.8K engagements


"Good Morning from Austria which like Germany has been underperforming on growth though not quite as badly. Since the end of [----] the economy has expanded by 6.5% lagging behind France and Italy. The main reasons are demographic change weak productivity and geopolitical risks affecting trade with Eastern Europe. Potential growth over the next decade is now estimated at just 0.6%. https://twitter.com/i/web/status/2018225946751308157 https://twitter.com/i/web/status/2018225946751308157"  
[X Link](https://x.com/Schuldensuehner/status/2018225946751308157)  2026-02-02T07:32Z 365.1K followers, 37.6K engagements


"Good Morning from #Austria where the unemployment rate rose by [---] percentage points to 8.8% in January the highest level since March [----]. The number of job vacancies has fallen by 11.8%. The increase reflects both cyclical and structural pressures. On the cyclical side the recession is taking its toll. Austrias economy has been stagnating or shrinking for two years and this prolonged weakness is now fully feeding through to the labor market. Industry traditionally a key source of jobs is under particular strain as high energy prices and falling orders force companies to cut staff."  
[X Link](https://x.com/Schuldensuehner/status/2018586295715381280)  2026-02-03T07:24Z 365.1K followers, 28.7K engagements


"Good Morning from Austria where inflation fell unexpectedly sharply to 2% in January lower than in Germany down from 3.8% in December. Still average inflation in [----] is a hefty 3.6%. One key reason for last years high figure was the expiry of the electricity price cap at the end of [----]. That one-off effect dropped out in January causing inflation to fall markedly. https://twitter.com/i/web/status/2018959982713041255 https://twitter.com/i/web/status/2018959982713041255"  
[X Link](https://x.com/Schuldensuehner/status/2018959982713041255)  2026-02-04T08:09Z 365.1K followers, 27.4K engagements


"DowJones Industrial Average breaks above [-----] for the first time amid optimism over the US economy and corporate earnings. (BBG)"  
[X Link](https://x.com/Schuldensuehner/status/2019861901551739330)  2026-02-06T19:52Z 365.1K followers, 19.2K engagements


"Complacency in US markets YTD S&P [---] +5% Nasdaq [---] +12% Goldman Sachs Expensive Software +14% GS Unprofitable Tech +21% GS Retail Favorites +22%. Meanwhile VIX are near 1y lows. (via GS)"  
[X Link](https://x.com/Schuldensuehner/status/1632077909950070790)  2023-03-04T17:57Z 365.2K followers, 45.9K engagements


"Financial cold war: China selling US Treasurties. At the peak in [----] China held $1.3trn in US Treasuries. Today they hold $850bn and the selling has accelerated over the past 2yrs. https://apolloacademy.com/china-selling-us-treasuries/ https://apolloacademy.com/china-selling-us-treasuries/"  
[X Link](https://x.com/anyuser/status/1641055785122668545)  2023-03-29T12:32Z 365.2K followers, 578.5K engagements


"Already thinking about Friday today. On August [--] we launch the successful podcast Deffner and Zschpitz on TV at [-----] CET on WELT Fernsehen"  
[X Link](https://x.com/Schuldensuehner/status/1689211813169078273)  2023-08-09T09:47Z 365.2K followers, 861.8K engagements


"In case you missed it: #China has cut its holdings in US Treasuries to $835bn lowest level since 2010"  
[X Link](https://x.com/anyuser/status/1697577726062841936)  2023-09-01T11:50Z 365.2K followers, 773.4K engagements


"Ownership of equities suggests that US democratic shareholder capitalism is more myth than reality: While it's true that a record high 58% of American households do own stocks via mutual funds or as individual shares in the aggregate the amount of stock most of these folks own is tiny. The wealthiest 10% of U.S. households now own nearly 93% of the stock market. https://www.axios.com/newsletters/axios-markets-2718ff09-3bdd-4e85-8925-56e1784362d7.htmlchunk=0&utm_term=twsocialshare#story0"  
[X Link](https://x.com/Schuldensuehner/status/1745062123636396187)  2024-01-10T12:36Z 365.1K followers, 128.2K engagements


"Good Morning from #Austria where the benchmark index ATX is still trading 33% below its ATH of July [----] while most stock market indices worldwide are at record highs. Even Germany's Dax is only 0.6% below its ATH. Austria's dismal performance is due to its composition of the ATX. Financial stocks make up 39% of the index but technology stocks only 1.2%. The ATX only includes [--] tech stock namely AT&S. The index is so unattractive that there are only [--] ETFs w/combined Assets under Management of 148.3mln"  
[X Link](https://x.com/Schuldensuehner/status/1756217474985369999)  2024-02-10T07:24Z 365.2K followers, 42.8K engagements


"Good Morning from Germany where listed comps are being sold off. A quarter of Dax comps trading below their book value meaning there is something for free incl banks cars & utilities. This is driven by the country's overwhelmingly negative market sentiment. The first bargain hunters are already on their way. Unicredit wants to take over Commerzbank"  
[X Link](https://x.com/anyuser/status/1834857886922441173)  2024-09-14T07:33Z 365.2K followers, 592.8K engagements


"It's the liquidity stupid This chart shows why share performance has become somewhat wobbly in recent weeks. The global money supply has dropped by $4.2tn"  
[X Link](https://x.com/anyuser/status/1878210592600650190)  2025-01-11T22:41Z 365.2K followers, 592.9K engagements


"German Chancellor Olaf Scholz addresses a half-empty congresshall at #wef25 in Davos. My colleague Mr. Gersemann even managed to secure a seat in the front row"  
[X Link](https://x.com/anyuser/status/1881690418322325774)  2025-01-21T13:08Z 365.2K followers, 1.6M engagements


"Chinas #DeepSeek could represent the biggest threat to US equity markets as the company seems to have built a groundbreaking AI model at an extremely low price and w/o having access to cutting-edge chips calling into question the utility of the hundreds of billions worth of capex being poured into this (via @knowledge_vital) https://cnb.cx/3Wtl7he https://cnb.cx/3Wtl7he"  
[X Link](https://x.com/anyuser/status/1882908672952582477)  2025-01-24T21:49Z 365.2K followers, 4.6M engagements


"#DeepSeek sellout spreads. Siemens Energy crashes almost 20%"  
[X Link](https://x.com/anyuser/status/1883826164575383654)  2025-01-27T10:35Z 365.2K followers, 394.2K engagements


"Good Morning from Germany where an increasing number of companies are being forced to shut down. Acc to preliminary data from the Federal Statistical Office the number of regular insolvency filings in July [----] rose by 19.2% YoY"  
[X Link](https://x.com/anyuser/status/1954851294654398834)  2025-08-11T10:24Z 365.2K followers, 328.6K engagements


"Good Morning from Germany where outspoken entrepreneur Alex Karp has laid out a rescue plan. He warns that Europe risks losing its industrial heart. Years of wrong decisions in energy immigration and technology now demand courage toughness and honesty. Karp offers Germany [--] uncomfortable truths: [--] Bring entrepreneurs into politics. [--] Establish special zones for technology. [--] Play to Germanys strengths. [--] Acknowledge that this is a crisis. [--] Rebuild deterrence. via @welt"  
[X Link](https://x.com/anyuser/status/1972569564228493761)  2025-09-29T07:50Z 365.2K followers, 172.8K engagements


"BlackRock is eating the world. Total assets under management hit a record $14 TRILLION after the firm pulled in $342bn of client money in Q4 alone"  
[X Link](https://x.com/Schuldensuehner/status/2011820476318769240)  2026-01-15T15:19Z 365.1K followers, 359.3K engagements


"Gold is now the most crowded trade acc to BofAs monthly Global Fund Manager Survey"  
[X Link](https://x.com/Schuldensuehner/status/2013547614201921612)  2026-01-20T09:42Z 365.2K followers, 129.4K engagements


"AI is shaking up the software sector. Software stocks are sliding as investors worry that AI could disrupt business models faster than expected especially after Microsoft reported slowing cloud growth and issued cautious guidance. Shares of German software giant SAP fell as much as 17% while Microsoft Workday and ServiceNow plunged 10%. https://twitter.com/i/web/status/2016932508844040396 https://twitter.com/i/web/status/2016932508844040396"  
[X Link](https://x.com/Schuldensuehner/status/2016932508844040396)  2026-01-29T17:52Z 365.1K followers, 90.4K engagements


"I like this chart from the latest note by credit legend Matt King who shares sharp and often provocative ideas through Satori Insights. It shows a correlation between the change in the Fed's balance sheet and Bitcoin. His rule of thumb is that expansions in central bank reserves tend to inflate the frothiest parts of the market crowding out value investing and encouraging momentum FOMO and trend-chasing. Its not hard to imagine a scenario in which these segments come under pressure one by one starting w/Bitcoin: "Weve long argued that momentum-driven markets are prone to sawtooth-shaped"  
[X Link](https://x.com/Schuldensuehner/status/2019167688539664650)  2026-02-04T21:54Z 365.1K followers, 57.5K engagements


"Good Morning from #Austria where the Austrian Euro is 20% overvalued vs. the German Euro when measured by Nutella purchasing power parity (Price for homogeneous product Nutella): A 750g jar costs [----] per kg in Austria vs 7.05/kg in Germany so by that metric Austria's Euro is roughly 20% overvalued. https://twitter.com/i/web/status/2019310637931774353 https://twitter.com/i/web/status/2019310637931774353"  
[X Link](https://x.com/Schuldensuehner/status/2019310637931774353)  2026-02-05T07:22Z 365.1K followers, 181K engagements


"Big Techs breathtaking $660bn spending spree reignites AI bubble fears. Spending planned by Alphabet Amazon Meta and Microsoft is a boom without a parallel this century. The companies' estimates for this year are expected to either near or surpass their budgets for the past three years combined setting a high-water mark for Capex by any single corporation in any one of the past [--] years. https://www.ft.com/content/0e7f6374-3fd5-46ce-a538-e4b0b8b6e6cd https://www.ft.com/content/0e7f6374-3fd5-46ce-a538-e4b0b8b6e6cd"  
[X Link](https://x.com/Schuldensuehner/status/2019791794087628945)  2026-02-06T15:14Z 365.1K followers, 20.7K engagements


"OOPS #Microsoft is now almost 30% below its highs. Over the past 10+ years the only larger drawdown was in [----]. The stock has also given up all of its relative outperformance versus the S&P [---] since November [----] when ChatGPT was launched. (via Goldman)"  
[X Link](https://x.com/Schuldensuehner/status/2019812505187750116)  2026-02-06T16:36Z 365.2K followers, 113.7K engagements


"Good Morning from #Austria where public spending accounts for more than 55% of GDP one of the highest ratios in the world. Only France Finland and Libya have an even larger share of government spending relative to their economies"  
[X Link](https://x.com/Schuldensuehner/status/2020032296095785275)  2026-02-07T07:10Z 365.2K followers, 135.2K engagements


"TOTALLY CRAZY #Alphabethas attracted $100bn of orders for abond salethats expected to be $15bn BBG reports citing people w/direct knowledge of the matter. The demand is among the strongest ever seen for a corp bond offering showing investor hunger to buy debt tied to the AI boom. Alphabet has also mandated banks for potential Swiss franc and Sterling debt offerings including arare100-year Sterling note. https://www.bloomberg.com/news/articles/2026-02-09/alphabet-s-dollar-bond-sale-draws-over-100-billion-of-demandsref=R17xFhjo"  
[X Link](https://x.com/Schuldensuehner/status/2020910398375936495)  2026-02-09T17:19Z 365.2K followers, 124.3K engagements


"This chart says a lot. Almost overnight software has come to be seen as a sector that could be fundamentally disrupted by AI. The recent sell-off has picked up speed following the release of Anthropics Opus 4.6"  
[X Link](https://x.com/Schuldensuehner/status/2019698308747501644)  2026-02-06T09:02Z 365.2K followers, 20.2K engagements


"Good Morning back from Germany where house prices at the start of the year fell more sharply than at any point since [----]. The Europace House Price Composite Index declined by 0.27% in January compared MoM w/prices for existing homes falling in particular. One key reason is the sharp rise in mortgage rates. At the same time rents jumped by 0.7% MoM in January likely boosting demand for owner-occupied housing and helping stabilize prices. https://twitter.com/i/web/status/2020783673906225373 https://twitter.com/i/web/status/2020783673906225373"  
[X Link](https://x.com/Schuldensuehner/status/2020783673906225373)  2026-02-09T08:55Z 365.2K followers, 45.9K engagements


"Good Morning from #Germany where stock market culture is booming at least among retail investors. Net inflows into equity funds and equity ETFs rose to nearly 52bn last year making it the second-best year on record after the boom year of [----] when German investors put 74bn into equity funds. Of the 52bn in inflows [--] billion went into equity ETFs while just 6bn flowed into actively managed equity funds. https://twitter.com/i/web/status/2021170696441721322 https://twitter.com/i/web/status/2021170696441721322"  
[X Link](https://x.com/Schuldensuehner/status/2021170696441721322)  2026-02-10T10:33Z 365.2K followers, 24.4K engagements


"Demand for #Alphabets 100y bond is off the charts even though AI is one of the most unpredictable technologies capable of destabilizing entire business models and companies within a matter of months. The 100y tranche was almost 10x oversubscribed w/9.5bn of orders for a 1bn deal making it the most in-demand part of Alphabets latest $20bn debt sale in the race for AI supremacy. Investors are betting big on Big Techs longevity. https://www.bloomberg.com/news/articles/2026-02-10/alphabet-s-100-year-bond-gets-highest-demand-in-sterling-saleutm_source=website&utm_medium=share&utm_campaign=twitter"  
[X Link](https://x.com/Schuldensuehner/status/2021254107428778323)  2026-02-10T16:05Z 365.2K followers, 32.6K engagements


"Good Morning from Germany where tourism is booming at least. Last year set a new record w/497.5mln overnight stays. The number of overnight stays by domestic travelers rose by 0.7% YoY to 413.7mln in [----]. By contrast overnight stays by foreign visitors fell by 1.8% to 83.8mln following the surge in [----] when the European Football Championship in June and July attracted large numbers of international guests. As a result the share of foreign visitors declined slightly to 16.8% in [----] down from 17.2% in 2024"  
[X Link](https://x.com/Schuldensuehner/status/2021578782721667125)  2026-02-11T13:35Z 365.2K followers, 12.2K engagements


"OOPS January US jobs report came in much stronger than expected. Establishment Survey showed 130k new payrolls well above 65k consensus estimate and ahead of whisper numbers that were closer to 50k or even lower. Acc to Household Survey employment jumped by 528k in Jan pushing the unemployment rate down to 4.3% from 4.4% in Dec. Treasuries are selling off in response w/US 10y yield up 6bps. https://twitter.com/i/web/status/2021587000025854091 https://twitter.com/i/web/status/2021587000025854091"  
[X Link](https://x.com/Schuldensuehner/status/2021587000025854091)  2026-02-11T14:07Z 365.2K followers, 22.8K engagements


"Good Morning from Germany where the current account balance in Dec rose to 16.1bn up from 14.2bn in Nov. The surplus was driven mainly by strong primary income (17.5bn) while the goods surplus eased to 8.6bn and services remained in deficit (-2.1bn). Germany continues to earn more from its global investments than it spends abroad. https://twitter.com/i/web/status/2022306935404425420 https://twitter.com/i/web/status/2022306935404425420"  
[X Link](https://x.com/Schuldensuehner/status/2022306935404425420)  2026-02-13T13:48Z 365.2K followers, 13.4K engagements


"SpaceX is considering a dual-class share structure in its planned IPO this year BBG reports citing people familiar with the matter mirroring a strategy its billionaire founder Elon Musk floated for Tesla. A two-tier structure would give select shareholders stock with extra voting power that would allow them to dominate decisionmaking. The move would allow insiders such as Musk to maintain control of the company even with a minority stake. Dual class shares are common among US technology firms inclMeta and Google parentAlphabet and tend to be pitched as a way to enable founders to focus on a"  
[X Link](https://x.com/Schuldensuehner/status/2022380197337522510)  2026-02-13T18:39Z 365.2K followers, 34.3K engagements


"Good Morning from Germany where the country appears to be slowly losing its last competitive edge: its strong credit rating. A weak economy rising debt and the debate over new Eurobonds have narrowed the yield gap with Italy to just 0.6ppts the smallest spread since 2008"  
[X Link](https://x.com/Schuldensuehner/status/2023026496332554722)  2026-02-15T13:27Z 365.2K followers, 21K engagements


"Alcohol companies are sitting on huge stockpiles as demand keeps falling. Five of the worlds largest listed spirits makers Diageo Pernod Ricard Campari Brown-Forman and Rmy Cointreau are holding about $22bn worth of ageing spirits the highest inventory level in more than a decade. HT @knowledge_vital https://www.ft.com/content/9e6f024c-63b5-493f-bb35-6c1c05e90e55 https://www.ft.com/content/9e6f024c-63b5-493f-bb35-6c1c05e90e55"  
[X Link](https://x.com/Schuldensuehner/status/2012993209937359051)  2026-01-18T20:59Z 365.2K followers, 3.4M engagements


"Good Morning from #Austria where the debt ratio is now well above 80% significantly higher than in Germany and the EU has launched an excessive deficit procedure (EDP) against the country. The main reasons are the recession of recent years generous crisis subsidies such as the electricity price cap and an overall public spending ratio of about 55%. The government says it will rein in spending by raising pensions above [----] less sharply scrapping the climate bonus and boosting revenues for example by letting fiscal drag run its course. https://twitter.com/i/web/status/2019680023775457508"  
[X Link](https://x.com/Schuldensuehner/status/2019680023775457508)  2026-02-06T07:50Z 365.2K followers, 37.5K engagements


"Tax The "AI Disruption" trade just came for tax planners: Wealth management stocks crashed today after Altruist debuted an AI tool for tax strategies. The market is pricing in a major threat to the middlemen. Raymond James Financialdropped 8.8% for its worst day since March [----] whileCharles Schwabsank 7.4%% andLPL Financial Holdingslost 8.3% Intuit 3.7%. https://www.bloomberg.com/news/articles/2026-02-10/wealth-manager-stocks-sink-as-new-ai-tool-sparks-disruption-fearutm_source=website&utm_medium=share&utm_campaign=twitter"  
[X Link](https://x.com/Schuldensuehner/status/2021335783152452062)  2026-02-10T21:29Z 365.2K followers, 31.6K engagements


"The AI-driven productivity take-off may finally be visible Erik Brynjolfsson says. New data released this week challenges the narrative that artificial intelligence has yet to meaningfully impact the broader US economy. While earlier reports pointed to steady job growth revised figures show that payroll gains were marked down significantly. Importantly this revision came even as real GDP remained strong. Producing more output w/fewer workers is the classic signature of rising productivity. Brynjolfsson estimates US productivity growth at around 2.7% for [----] nearly double the sluggish 1.4%"  
[X Link](https://x.com/Schuldensuehner/status/2023070111817482369)  2026-02-15T16:21Z 365.2K followers, [----] engagements


"This chart by SG shows why investors spooked by the bond market rout: LOW US equity-risk premium = HARD to absorb higher bond yields"  
[X Link](https://x.com/Schuldensuehner/status/960426690752270336)  2018-02-05T08:15Z 340.2K followers, [--] engagements


"The biggest jump in Volatility Index's VIX ever is raising thorny questions about the future of exchange-traded products tied to the gauge as Fear Index. https://www.bloomberg.com/amp/news/articles/2018-02-06/volatility-jump-has-traders-asking-about-poison-pill-in-vix-note https://www.bloomberg.com/amp/news/articles/2018-02-06/volatility-jump-has-traders-asking-about-poison-pill-in-vix-note"  
[X Link](https://x.com/Schuldensuehner/status/960811570543714304)  2018-02-06T09:45Z 340.4K followers, [--] engagements


"Oops. Volatility on Volatility Index VIX called VVIX has hit fresh life-time highs as the move in the VIX was more extreme than other major markets b/c of positioning"  
[X Link](https://x.com/Schuldensuehner/status/960912424542097408)  2018-02-06T16:25Z 340.3K followers, [--] engagements


"#VIX may form the mother of all inverted Vs. as positioning calms. Volatility Index may not go back to its extreme lows of the past few years but could be headed in that direction. via @markets https://www.bloomberg.com/news/articles/2018-02-07/vix-may-form-mother-of-all-inverted-vs-as-positioning-calms https://www.bloomberg.com/news/articles/2018-02-07/vix-may-form-mother-of-all-inverted-vs-as-positioning-calms"  
[X Link](https://x.com/Schuldensuehner/status/961495033689116672)  2018-02-08T07:00Z 340.2K followers, [--] engagements


"BlackRocks Larry Fink wants to become the next a) US president b) Warren Buffett. https://www.wsj.com/articles/blackrocks-larry-fink-wants-to-become-the-next-warren-buffett-1518051601 https://www.wsj.com/articles/blackrocks-larry-fink-wants-to-become-the-next-warren-buffett-1518051601"  
[X Link](https://x.com/Schuldensuehner/status/961497182959558656)  2018-02-08T07:09Z 340.3K followers, [--] engagements


"Another day another sell-off on Wall St. Dow plunges again more than [----] points as volatility spikes again (the VIX is back up to 30) against the backdrop of another move higher in rates (albeit muted somewhat by the move down in equities) and in a bit of a macro news vacuum"  
[X Link](https://x.com/Schuldensuehner/status/961710462827139072)  2018-02-08T21:16Z 340.3K followers, [---] engagements


"US yield curve continues to steepen. 2s/10s yield spread now at highest level since Oct"  
[X Link](https://x.com/Schuldensuehner/status/963133889861562368)  2018-02-12T19:33Z 340.2K followers, [--] engagements


"#Euro to gain as #ECB shuts up Lets German Yield Curve steepen. (via BBG)"  
[X Link](https://x.com/Schuldensuehner/status/963221981297631234)  2018-02-13T01:23Z 340.2K followers, [--] engagements


"Dalios Bridgewater boosts #Gold Holdings in SPDR IShares. https://www.bloomberg.com/news/articles/2018-02-13/ray-dalio-s-bridgewater-boosts-gold-holdings-in-spdr-ishares https://www.bloomberg.com/news/articles/2018-02-13/ray-dalio-s-bridgewater-boosts-gold-holdings-in-spdr-ishares"  
[X Link](https://x.com/Schuldensuehner/status/963565470606594048)  2018-02-14T00:08Z 340.4K followers, [--] engagements


"What a difference 3mths make: US Yield Curve has risen across the curve BUT w/ minor signs of flattening"  
[X Link](https://x.com/Schuldensuehner/status/964027388899282944)  2018-02-15T06:43Z 340.2K followers, [--] engagements


"#Bitcoin jumps $10k as Andreessen Horowitz's Rampell makes bullsih case for Bitcoin at GS Tech Conference. Believes that Bitcoin could be viable store of value b/c of its deflationary nature & censorship resistance particularly b/c it has already established network effect"  
[X Link](https://x.com/Schuldensuehner/status/964192220101464065)  2018-02-15T17:38Z 340.3K followers, [---] engagements


"UBS forecasts highlight that Trump's fiscal package is econ nonsense. UBS says that additional fiscal spending leads to higher rate hiking path offsetting cyclical dynamics. Expects flatter yield curve & more Fed hikes [--] in total. Sees higher 2y & 5y yields but unchg 10y & 30y"  
[X Link](https://x.com/Schuldensuehner/status/965207107502051329)  2018-02-18T12:51Z 340.2K followers, [--] engagements


"Central Banks are the biggest creditors of their nations. Bank of Japan holds almost 50% of outstanding govt bonds. #ECB holds 25% of outstanding bonds could rise to 28% acc to Goldman Sachs"  
[X Link](https://x.com/Schuldensuehner/status/965243339804237824)  2018-02-18T15:15Z 340.4K followers, [---] engagements


"Good morning from #Germany which has a trade deficit with #China despite an overall big trade surplus. But in comparison to the US Germany does not have a significant external deficit w/ the Middle Kingdom b/c of high level of product sophistication & good cost competitiveness"  
[X Link](https://x.com/Schuldensuehner/status/965821760921849856)  2018-02-20T05:33Z 340.2K followers, [--] engagements


"Oops US2y yields jump to 2.23% highest since [----] on repricing of Fed rate hike cycle. Markets expect more hikes in the next 2yrs"  
[X Link](https://x.com/Schuldensuehner/status/965900885988651008)  2018-02-20T10:48Z 340.3K followers, [---] engagements


"Investors get nervous as 10y US bond yields have crept within reach of 3% for the first time in years. Volatility Index VIX trades above [--] again"  
[X Link](https://x.com/Schuldensuehner/status/965918321215492096)  2018-02-20T11:57Z 340.3K followers, [--] engagements


"#ECB ramps up balance sheet expansion. Total assets rose by 11.109bn to a fresh high of 4505bn on QE and some adjustments. The volume of the balance sheet now equals to 41.8% of Eurozone GDP vs 22.5% in the US"  
[X Link](https://x.com/Schuldensuehner/status/965966845122629632)  2018-02-20T15:10Z 357K followers, [---] engagements


"TROUBLE Dutch households among most highly indebted in Europe w/debt largely in form of mortgages DBRS says. Tax incentives (interest payment deductibility) generous borrowing limits & low interest rates behind accumulation of household debt est at 240% of disposable income"  
[X Link](https://x.com/Schuldensuehner/status/966268978518790144)  2018-02-21T11:10Z 340.2K followers, [---] engagements


"#Amazon is eating the world. Has now a stock market value of $718bn and is on the way becoming the first $1tn company. Interestingly the reputation of the internet giant is way better than that of Google or Facebook. via @welt @The_Sommerfeldt https://www.welt.de/wirtschaft/article173830664/Amazon-Wie-der-Online-Haendler-langsam-die-ganze-Welt-uebernimmt.htmlwtmc=socialmedia.twitter.shared.web https://www.welt.de/wirtschaft/article173830664/Amazon-Wie-der-Online-Haendler-langsam-die-ganze-Welt-uebernimmt.htmlwtmc=socialmedia.twitter.shared.web"  
[X Link](https://x.com/Schuldensuehner/status/966624472705970176)  2018-02-22T10:43Z 354.2K followers, [--] engagements


"Ouch #ECB to wind down Latvian bank targeted by US over sanctions after Draghi told colleagues this week that he was dissatisfied at the lack of information received from Latvian officials following the detention of the central-bank gov. Latvia CDS jumps https://www.bloomberg.com/news/articles/2018-02-24/europe-to-wind-down-latvian-bank-targeted-by-u-s-over-sanctions https://www.bloomberg.com/news/articles/2018-02-24/europe-to-wind-down-latvian-bank-targeted-by-u-s-over-sanctions"  
[X Link](https://x.com/Schuldensuehner/status/967305759485841409)  2018-02-24T07:50Z 340.3K followers, [--] engagements


"Since the age of floating exchange rates there have been [--] episodes of twin deficit expansion of the magnitude expected in the next 2yrs but each of those [--] episodes had distinct characteristics and [--] generated Dollar strength not weakness JPM says"  
[X Link](https://x.com/Schuldensuehner/status/967422039446388736)  2018-02-24T15:32Z 340.4K followers, [--] engagements


"Good morning from #Germany home to the riskiest bank in Europe. Deutsche Bank's 5y default probability has climbed to 7.7% highest among major European lenders. Even credit risk of #Italy's UniCredit way lower than Deutsche's"  
[X Link](https://x.com/Schuldensuehner/status/967658085664911360)  2018-02-25T07:10Z 340.3K followers, [---] engagements


"The car industry is witnessing one of its biggest disruptions since Karl Benz and Li Shufu wants to play an active part in the revolution. The founder and chairman of Zhejiang Geely Holding has become the top shareholder in Daimler to everyone's surprise. https://www.bloomberg.com/news/articles/2018-02-25/geely-plants-chinese-flag-in-heart-of-germany-with-daimler-stake https://www.bloomberg.com/news/articles/2018-02-25/geely-plants-chinese-flag-in-heart-of-germany-with-daimler-stake"  
[X Link](https://x.com/Schuldensuehner/status/968047823857086464)  2018-02-26T08:59Z 340.3K followers, [--] engagements


"In case you missed it: S&P's upgrade of #Russia's sovereign rating to investment grade has boosted the Ruble to its strongest level against Dollar since mid-2015. 5y default probability has dropped to lowest level ever. S&P moved just weeks before the presidential election"  
[X Link](https://x.com/Schuldensuehner/status/968545573505765376)  2018-02-27T17:57Z 340.3K followers, [--] engagements


"Good morning from #Germany where suffering of German savers continues in the new year but the situation is improving after all. Real 10y yield (nominal yield-inflation) rises to -0.72% as bond yields keep rising while inflation pressure has eased in Feb to 1.4% from 1.6% in Jan"  
[X Link](https://x.com/Schuldensuehner/status/968733068809957377)  2018-02-28T06:22Z 340.4K followers, [--] engagements


"@MaelstromCap @Gold_Failed When measured by balance sheet per GDP than Fed gov looks like an amateur in comparison to #ECB president"  
[X Link](https://x.com/Schuldensuehner/status/968954747901431809)  2018-02-28T21:03Z 340.3K followers, [--] engagements


"Stocks and Bonds have dropped in Feb w/ Investment Grade Corporate Bonds have suffered the most and even US Treasuries have lost more than risky High Yield Bonds"  
[X Link](https://x.com/Schuldensuehner/status/969006350238920704)  2018-03-01T00:28Z 340.4K followers, [--] engagements


"Treasury 10y yields look like they're peaking and a Fed rate hike this month might just reignite the rally BBG's Goodman says. Sounds counterintuitive BUT every rate increase since [----] except Dec hike has ultimately led to lower yields"  
[X Link](https://x.com/Schuldensuehner/status/969156423790755841)  2018-03-01T10:24Z 340.2K followers, [--] engagements


"US yield curve keeps flattening despite US spending spree ballooning US debt and Fed balance sheet normalization. 2s/10s yield spread drops below 0.6%"  
[X Link](https://x.com/Schuldensuehner/status/969323247530627072)  2018-03-01T21:27Z 340.2K followers, [--] engagements


"What happened when US imposed levies of as much as 30% on steel under George W. Bush in [----] Well trade partners retaliated stocks & the dollar slid the yield on 10y Treasury almost halved. That pattern matched what happened in U.S. markets yesterday Bloomberg's Regan noted"  
[X Link](https://x.com/Schuldensuehner/status/969473135639715840)  2018-03-02T07:23Z 340.4K followers, [---] engagements


"Had terrific conversation w/ #Portugal's EconMin Manuel Cabral: Pragmatic Keynesian Free trade apologist. Has implemented reforms. Will extend 20% flat tax for (rich) immigrants. Will new narrative for Europe: Open for People & Business Proposes Free Trade agreement w/ Mercosur"  
[X Link](https://x.com/Schuldensuehner/status/971074491504881664)  2018-03-06T17:26Z 340.2K followers, [--] engagements


"#Euro gives up on dovish Draghi: Responded on the language change that they explicitly removed the reference to any increases in the pace of purchases in the future - but highlighted that they kept the other reference (about duration)"  
[X Link](https://x.com/Schuldensuehner/status/971748129568690177)  2018-03-08T14:03Z 340.4K followers, [--] engagements


"10y Bund yields fall back to pre-ECB levels after ECB revises lower its inflation forecast for [----] to 1.4% from 1.5% keeps outlook for [----] at 1.7% and [----] at 1.4%. 10y yields now at 0.68% after having touched 0.7% in wake of pol statement which drops QE easing bias"  
[X Link](https://x.com/Schuldensuehner/status/971755874413957121)  2018-03-08T14:33Z 340.4K followers, [--] engagements


"#Euro comes full circle on ECB Citi says. Initially lifted by removal of QE easing bias. However as Draghi went on to explain that on inflation victory cannot be declared yet & that other changes to forward guidance were not discussed So Euro gone back to square One"  
[X Link](https://x.com/Schuldensuehner/status/971762143497539585)  2018-03-08T14:58Z 340.4K followers, [--] engagements


"OMG Peter Navarro wants Gary Cohn's job terrifying D.C. https://www.axios.com/peter-navarro-wants-gary-cohns-job-terrifying-dc-9b8dbd4b-ba44-436a-a615-668405150ed0.htmlutm_source=twitter&utm_medium=twsocialshare&utm_campaign=organic https://www.axios.com/peter-navarro-wants-gary-cohns-job-terrifying-dc-9b8dbd4b-ba44-436a-a615-668405150ed0.htmlutm_source=twitter&utm_medium=twsocialshare&utm_campaign=organic"  
[X Link](https://x.com/Schuldensuehner/status/971811496476004352)  2018-03-08T18:14Z 340.4K followers, [--] engagements


"If the #ECB permanently fails to hit its #inflation target it's time to rethink the inflation target. By the way there is inflation in stocks bonds real estate not measured in official CPI"  
[X Link](https://x.com/Schuldensuehner/status/972388736590864385)  2018-03-10T08:28Z 340.2K followers, [---] engagements


"Asia stock markets are rallying in the wake of Goldilock-ish US jobs report that revives risk appetite. Jobs report showed best of both world: strong US growth but contained inflation. Bonds weaker w/ US 10y yields jump above 2.9%. Bitcoin recovery continues trades around $9600"  
[X Link](https://x.com/Schuldensuehner/status/973090716862775297)  2018-03-12T06:58Z 340.4K followers, [--] engagements


"Hans-Werner Sinn at @EMST Euro conference: "The Bundesbank has already lost it's entire target claim as it cannot call the Target credit due as the rate of interest - currently zero - is determined by the debtor countries which have nearly a 2/3 majority in the #ECB.""  
[X Link](https://x.com/Schuldensuehner/status/973913748917379072)  2018-03-14T13:28Z 340.3K followers, [--] engagements


"#Russia Ruble losing ground despite stabilizing oil prices as a war of words begins to impact"  
[X Link](https://x.com/Schuldensuehner/status/973925829477654529)  2018-03-14T14:16Z 340.3K followers, [--] engagements


"Markets remain relatively calm ahead of weekends elections and despite the diplomatic tensions between #Russia and the West. 5y Russian default probability near lows Ruble only a tad lower"  
[X Link](https://x.com/Schuldensuehner/status/974529386262159362)  2018-03-16T06:14Z 340.3K followers, [--] engagements


"Saudi Aramco scales back IPO plan eyes Saudi-Only listing as higher price of #oil has diminished push for large international public offering. https://www.wsj.com/articles/aramco-forges-ahead-to-saudi-only-listing-plan-1521489042 https://www.wsj.com/articles/aramco-forges-ahead-to-saudi-only-listing-plan-1521489042"  
[X Link](https://x.com/Schuldensuehner/status/975830736593915904)  2018-03-19T20:25Z 340.2K followers, [--] engagements


"Libor-OIS blowout may be more a product of technical factors but the negative effects likely to spread. https://www.bloomberg.com/news/articles/2018-03-20/libor-ois-blowout-has-citigroup-eyeing-more-negative-effects https://www.bloomberg.com/news/articles/2018-03-20/libor-ois-blowout-has-citigroup-eyeing-more-negative-effects"  
[X Link](https://x.com/Schuldensuehner/status/976106791837798408)  2018-03-20T14:42Z 340.2K followers, [--] engagements


"Deutsche Bank share plunges below [--] after Asset management IPO price cut and warning of revenue headwind from funding currencies. https://www.thestreet.com/story/14529977/1/deutsche-bank-plunges-after-asset-management-ipo-price-cut-funding-warning.html https://www.thestreet.com/story/14529977/1/deutsche-bank-plunges-after-asset-management-ipo-price-cut-funding-warning.html"  
[X Link](https://x.com/Schuldensuehner/status/976451885031976961)  2018-03-21T13:34Z 340.2K followers, [--] engagements


"When asked about #NAIRU Powell noted the Fed examines "a wide range of employment data." Here's a sample from the Bloomberg Fed Forward Guidance Dashboard"  
[X Link](https://x.com/Schuldensuehner/status/976531699457720320)  2018-03-21T18:51Z 340.3K followers, [--] engagements


"Asia stocks swing Dollar down as investors trying to make sense of Fed. Hiked 25bps stuck to [--] hikes in [----] but raised [----] dots by [--] hike. Powells first press conference was short and boring. Yield curve steepened as policy makers revise long-term view. #Bitcoin $9k"  
[X Link](https://x.com/Schuldensuehner/status/976703850806693888)  2018-03-22T06:15Z 340.4K followers, [--] engagements


"OUCH Fear Index #VIX jumps above [--] again as sentiment in US stocks is confused following Fed meeting. Chaos in DC and Sell off in banks add to the confusion"  
[X Link](https://x.com/Schuldensuehner/status/976848507192664070)  2018-03-22T15:50Z 340.4K followers, [--] engagements


"Asia stocks tumble following sell-off on Wall St as trade war fears drive rush to safety. Trump announced 25% tariffs on Chinese goods saying that this action will be first of many while #China immediately announced measures vs US imports. $/ below [---] for 1st time since '16"  
[X Link](https://x.com/Schuldensuehner/status/977064860826722304)  2018-03-23T06:09Z 340.4K followers, [--] engagements


"Investors in European banking stocks are the most bearish since July [----] when comparing trading trends with analyst estimates driven by trade war Angst and rising USD funding costs (Libor-OIS spread) (Chart via BBG)"  
[X Link](https://x.com/Schuldensuehner/status/977071351113580545)  2018-03-23T06:35Z 340.2K followers, [--] engagements


"The beginning of the end of the Dollar privilege: For 1st time in a decade worlds CenBanks are looking beyond the dollar to build their currency reserves. Trump have FX managers hedging dollar risk Central banks seen moving $500bn of reserves into euro. https://www.bloomberg.com/news/articles/2018-03-26/as-trade-war-heats-up-biggest-currency-whales-make-their-move https://www.bloomberg.com/news/articles/2018-03-26/as-trade-war-heats-up-biggest-currency-whales-make-their-move"  
[X Link](https://x.com/Schuldensuehner/status/978371387978067968)  2018-03-26T20:41Z 340.3K followers, [---] engagements


"Good morning from the US where total student debt has hit record levels. These loans are increasingly becoming a drag on US econ. Acting as a drag on both household formation & higher real estate prices. But the US college debt bubble also becoming dangerous for the fin industry"  
[X Link](https://x.com/Schuldensuehner/status/978585205979205632)  2018-03-27T10:51Z 340.2K followers, [---] engagements


"Good morning from the US where you shop till you drop. Even on Good Friday the shops were open. Using [----] as a base nominal Retail Sales in the UK have increased 63.0% (about 3.9% per year) while that in the US has risen 73.5% or about 4.6% per year"  
[X Link](https://x.com/Schuldensuehner/status/980103354016772099)  2018-03-31T15:23Z 340.4K followers, [--] engagements


"#Bitcoin is threatening to destroy the ability of governments to manipulate their own currencies as the cryptocurrency creates a new way to evade official controls and move money across borders. http://www.res.org.uk/details/mediabrief/10926341/BITCOIN-REVEALS-EXCHANGE-RATE-MANIPULATION--DETECTS-CAPITAL-CONTROLS.html http://www.res.org.uk/details/mediabrief/10926341/BITCOIN-REVEALS-EXCHANGE-RATE-MANIPULATION--DETECTS-CAPITAL-CONTROLS.html"  
[X Link](https://x.com/Schuldensuehner/status/980109585636880385)  2018-03-31T15:48Z 340.3K followers, [---] engagements


"Trump destroys $50bn #Amazon market cap. Says Amazon's post office scam' must stop in fresh attack. https://www.bloomberg.com/news/articles/2018-03-31/trump-says-amazon-s-post-office-scam-must-stop-in-fresh-attack https://www.bloomberg.com/news/articles/2018-03-31/trump-says-amazon-s-post-office-scam-must-stop-in-fresh-attack"  
[X Link](https://x.com/Schuldensuehner/status/980113088740581383)  2018-03-31T16:02Z 340.4K followers, [--] engagements


"Strolling in the footsteps of econ history: they call 75yrs of FDIC a history of confidence and stability. I would just call it moral hazard"  
[X Link](https://x.com/Schuldensuehner/status/980199001667534848)  2018-03-31T21:43Z 340.4K followers, [--] engagements


"Global stocks ended a volatile quarter in the red for 1st time since [----]. Lost $337bn in mkt cap. Q1 [----] certainly saw a rise in volatility. Jan was tax reform month Feb inflation month Mar trade month"  
[X Link](https://x.com/Schuldensuehner/status/980477935021850624)  2018-04-01T16:12Z 358.6K followers, [--] engagements


"Quarter begins w/ a flattest yield curve since [----] GFC. US 2s10s yield spread below 0.5%"  
[X Link](https://x.com/Schuldensuehner/status/980843501402382336)  2018-04-02T16:24Z 340.1K followers, [--] engagements


"Fear Index Vix jumps to 36% above [----] avg as latest ISM Manufacturing data threatens #Goldilocks narrative. Shows slower growth but higher prices paid. https://www.bloomberg.com/news/articles/2018-04-02/rattled-bulls-cling-to-predicted-earnings-surge-to-save-stocks https://www.bloomberg.com/news/articles/2018-04-02/rattled-bulls-cling-to-predicted-earnings-surge-to-save-stocks"  
[X Link](https://x.com/Schuldensuehner/status/980984002394906626)  2018-04-03T01:43Z 340.4K followers, [--] engagements


"Trump escalates #China trade fight threatening $100bn more in tariffs. Is this a hardening of policy or manoeuvring ahead of China-US trade negotiations Risk rally abruptly stops. https://reut.rs/2GVwysu https://reut.rs/2GVwysu"  
[X Link](https://x.com/Schuldensuehner/status/982054003252121600)  2018-04-06T00:34Z 340.3K followers, [--] engagements


"Hedge funds trimmed their bullish Euro bets. Euro net spec long dips to [------] from [------] but still crowded"  
[X Link](https://x.com/Schuldensuehner/status/982406639331479552)  2018-04-06T23:56Z 340.4K followers, [--] engagements


"Doom loop alive and kicking: Germany's 5y default probability jumps above 1% following Deutsche Bank rout. 5y default risk of Germany's biggest lender above 10% highest among global banks"  
[X Link](https://x.com/Schuldensuehner/status/982598382773506050)  2018-04-07T12:38Z 340.4K followers, [--] engagements


"Deutsche Bank stocks rally and 5y default risk drops below 10% following management change but new CEO faces familiar questions over strategy. https://reut.rs/2uWpjvD https://reut.rs/2uWpjvD"  
[X Link](https://x.com/Schuldensuehner/status/983308391232823296)  2018-04-09T11:39Z 340.2K followers, [--] engagements


"It looks like these sanctions really hurt: Ruble plunges 3% vs Dollar and #Russia default probability jumps by almost 20% after US slapped new sanctions on Kremlin-connected billionaires. Now only France has to block Cote d'Azur for Russian Oligarchs & it's game over for Putin"  
[X Link](https://x.com/Schuldensuehner/status/983313980360970241)  2018-04-09T12:01Z 340.3K followers, [---] engagements


"#Russia rout deepens. Ruble in free fall while 5y default probability skyrocketing following new US sanction on Kremlin-connected billionaires"  
[X Link](https://x.com/Schuldensuehner/status/983678559603642368)  2018-04-10T12:10Z 340.3K followers, [--] engagements


"Financial markets remained fragile as #Syria fears hit global stocks. US sanctions drove #Russia's Ruble to a 2y low triggering fears of a looming Emerging Markets crisis w/ #Turkey Lira at fresh lows. Haven assets like Bonds and #Gold sharply higher"  
[X Link](https://x.com/Schuldensuehner/status/984034755179089921)  2018-04-11T11:45Z 340.3K followers, [--] engagements


"#Russia rout continues w/ Ruble hit 2y lows and default probability jumps to 10.5% as Cold War Rhetoric getting louder after US sanctions and w/ fresh Syria tensions"  
[X Link](https://x.com/Schuldensuehner/status/984037286043181057)  2018-04-11T11:55Z 340.2K followers, [--] engagements


"#Russia's bracing for economic war after Trump warned it to "get ready" for missiles in #Syria. https://www.bloomberg.com/news/articles/2018-04-11/ruble-extends-plunge-as-investors-unwind-long-bond-positions https://www.bloomberg.com/news/articles/2018-04-11/ruble-extends-plunge-as-investors-unwind-long-bond-positions"  
[X Link](https://x.com/Schuldensuehner/status/984038737360322561)  2018-04-11T12:01Z 340.3K followers, [--] engagements


"#Russia turbulences calm a bit as Syria fears ebb after Trump tweet. Ruble stabilizes and 5y default probability drops below 10%"  
[X Link](https://x.com/Schuldensuehner/status/984422924085092352)  2018-04-12T13:28Z 340.3K followers, [--] engagements


"Mysterious Swiss franc slide shows reach of Russian sanctions. Swiss currency drops on days turmoil supports other havens. Investors nervous as sanctions dent Swiss safety as Russian tycoons may be driving selloff in Swiss Franc. https://www.bloomberg.com/news/articles/2018-04-13/mysterious-swiss-franc-slide-shows-reach-of-russian-sanctions https://www.bloomberg.com/news/articles/2018-04-13/mysterious-swiss-franc-slide-shows-reach-of-russian-sanctions"  
[X Link](https://x.com/Schuldensuehner/status/984658678296010752)  2018-04-13T05:04Z 340.3K followers, [--] engagements


"My chart of the day: Sanctions and tarrifs only good for #commodity speculators. May ultimately raise prices reduce quantities BUT lead to a deadweight loss of welfare for producers and consumers"  
[X Link](https://x.com/Schuldensuehner/status/985507220124299265)  2018-04-15T13:16Z 354.3K followers, [---] engagements


"My Tweet on "nearly bankrupt Japan" stirred controversy. Of course BoJ held 50% of govt debt rest in hands of dom savers. Indebted in can print out of cris. Analysis depends how you define bankrupt. Germany paid creditors in full in 1920s hyperinflation in worthless money"  
[X Link](https://x.com/Schuldensuehner/status/985514649322967040)  2018-04-15T13:46Z 356.9K followers, [---] engagements


"Fresh trading week is going to start w/ flattest US yield curve in over a decade"  
[X Link](https://x.com/Schuldensuehner/status/985599328680112128)  2018-04-15T19:22Z 340.2K followers, [---] engagements


"Ruble drops like a stone as US seems to tighten the financial war against #Russia. #Russia faces fresh US sanctions for Syria chemical attack"  
[X Link](https://x.com/Schuldensuehner/status/985695105393840129)  2018-04-16T01:43Z 340.3K followers, [---] engagements


"Asia stock markets were mixed oil prices fell and Ruble plunged on Monday as relief US-led strikes on Syria looked unlikely to escalate was tempered by concerns at #Russia's potential reaction to new sanctions from Washington. US 10y yields rise to 2.84%"  
[X Link](https://x.com/Schuldensuehner/status/985730743400894465)  2018-04-16T04:04Z 340.3K followers, [--] engagements


"Ruble slides as #Russia awaits fresh US sanctions over #Syria. Speculators trimmed their long positions to lowest since Nov. https://www.bloomberg.com/news/articles/2018-04-16/ruble-slides-as-russia-awaits-fresh-u-s-sanctions-over-syria https://www.bloomberg.com/news/articles/2018-04-16/ruble-slides-as-russia-awaits-fresh-u-s-sanctions-over-syria"  
[X Link](https://x.com/Schuldensuehner/status/985866229205303296)  2018-04-16T13:03Z 340.3K followers, [--] engagements


"Trump contradicts own Treasury Department with #China currency tweet. Says China and Russia are playing games with their currencies amidst strengthening Yuan that trades near 3yr high vs Dollar. https://cnnmon.ie/2HrXpN6 https://cnnmon.ie/2HrXpN6"  
[X Link](https://x.com/Schuldensuehner/status/986110229866725376)  2018-04-17T05:12Z 340.4K followers, [--] engagements


"Asia stocks rallying following Wall St. China is lagging as escalating US pressure increasingly appears to be hitting the mark. China markets struggled even as Beijing boosted liquidity in banking system. Yen weakens US yield curve flattens as investors fret on econ outlook"  
[X Link](https://x.com/Schuldensuehner/status/986483754108620802)  2018-04-18T05:57Z 340.2K followers, [--] engagements


"Global debt hit a new high at $164tn equivalent to 225% of global GDP. Compared with the previous peak in [----] the world is now 12% of GDP deeper in debt. Only [--] countries (#China #Japan #US) account for more than half of global debt"  
[X Link](https://x.com/Schuldensuehner/status/986601883925172224)  2018-04-18T13:46Z 354.2K followers, [---] engagements


"Oops US yield curve is getting closer to inverting as Fed signals more rate hike and so 2y yields at highest level since [----]. (via BBG)"  
[X Link](https://x.com/Schuldensuehner/status/986810491711492098)  2018-04-19T03:35Z 340.2K followers, [--] engagements


"The rally in commodities continue w/ Bloomberg Commodity Index only a tad below a breakout level. Recent rally more reflect concern about supplies being disrupted w/ all the geopolitical risks rather than a booming global economy"  
[X Link](https://x.com/Schuldensuehner/status/986815870575042560)  2018-04-19T03:56Z 340.3K followers, [--] engagements


"Good morning from the US where the debt outlook is bleak and getting bleaker. According to latest IMF calculations US public debt-to-GDP ratio will widen to 116.9% by [----] b/c of tax reform outstripping not only perennial G7 laggard #Italy but also Mozambique and Burundi"  
[X Link](https://x.com/Schuldensuehner/status/986934582938423298)  2018-04-19T11:48Z 340.4K followers, [---] engagements


"Oops Swiss Franc weakens to key level of [----] per Euro once protected by #SNB. Weakness is somewhat puzzling as global risk sentiment is still fragile and there is much global geopolitical uncertainty. https://www.bloomberg.com/news/articles/2018-04-19/swiss-franc-weakens-below-key-level-once-protected-by-snb https://www.bloomberg.com/news/articles/2018-04-19/swiss-franc-weakens-below-key-level-once-protected-by-snb"  
[X Link](https://x.com/Schuldensuehner/status/986990352178532353)  2018-04-19T15:30Z 340.4K followers, [--] engagements


"Yield curve steepening continues on inflation fears following commodity rally. US 2s/10s yield spread above 0.5%"  
[X Link](https://x.com/Schuldensuehner/status/987333770293534721)  2018-04-20T14:14Z 340.2K followers, [--] engagements


"Is the US headed for a public debt crisis Unsustainable borrowing may cause a clash with the Fed but not a solvency crisis Gavyn Davies says. https://www.ft.com/content/f4fbdc02-4254-11e8-803a-295c97e6fd0b https://www.ft.com/content/f4fbdc02-4254-11e8-803a-295c97e6fd0b"  
[X Link](https://x.com/Schuldensuehner/status/988388345939136517)  2018-04-23T12:05Z 340.3K followers, [---] engagements


"With US 10y yield hitting 3% for first time in 4yrs Value showing relative strength vs Growth: iShares S&P [---] Value / iShares S&P [---] Growth ETF ratio hitting highest level since mid-Feb. (via RTRS)"  
[X Link](https://x.com/Schuldensuehner/status/988895791308836865)  2018-04-24T21:41Z 340.3K followers, [--] engagements


"Asia stocks posting modest gains on earnings boost from Amazon Baidu Intel but off the highs on caution into trade negotiations & the long weekend. Mkts in Seoul underpinned by optimism as leaders of N. & S.Korea held their first summit in over a decade. Bonds rally. US 10y 3%"  
[X Link](https://x.com/Schuldensuehner/status/989744472694009857)  2018-04-27T05:54Z 340.3K followers, [--] engagements


"Good morning on Labour Day from Germany where the number of jobs vacancies hit a record high during Q1 [----] w/ [-----] available postions +126k YoY. Is a warnings that econ growth is beginning to cool as companies struggling to fill openings with appropriately-trained staff"  
[X Link](https://x.com/Schuldensuehner/status/991208076048064514)  2018-05-01T06:49Z 340.4K followers, [--] engagements


"US yield curve slightly steepens following FOMC meeting as Fed less hawkish than expected"  
[X Link](https://x.com/Schuldensuehner/status/991912213630906368)  2018-05-03T05:27Z 340.1K followers, [--] engagements


"Musks bizarre earnings call make $700 million profit for short-sellers. https://reut.rs/2FDVEYc https://reut.rs/2FDVEYc"  
[X Link](https://x.com/Schuldensuehner/status/992142481444757510)  2018-05-03T20:42Z 340.2K followers, [--] engagements


"Big Tech stages comeback as #Apple hit an all-time high after Buffett's Berkshire Hathaway disclosed it had bought 75mln more shares of the iPhone maker in Q1 [----]. #FANGMAN near record"  
[X Link](https://x.com/Schuldensuehner/status/992505547416096769)  2018-05-04T20:45Z 340.4K followers, [--] engagements


"Global stocks have lost $789bn in mkt cap this week as a combination of moderating global growth good-but-not-great 1Q earnings monetary tightening elevated short-term rates stronger Dollar and a sustained high VIX has all weighed on risk appetite"  
[X Link](https://x.com/Schuldensuehner/status/992822608843374593)  2018-05-05T17:45Z 340K followers, [---] engagements


"Putin under pressure w/falling #Russia Ruble amidst rising oil. And now Navalny detained at Moscow protest on eve of tsar' inauguration https://www.bloomberg.com/news/articles/2018-05-05/putin-opponents-mount-protests-on-eve-of-tsar-inauguration https://www.bloomberg.com/news/articles/2018-05-05/putin-opponents-mount-protests-on-eve-of-tsar-inauguration"  
[X Link](https://x.com/Schuldensuehner/status/993037687132229633)  2018-05-06T08:00Z 340.3K followers, [--] engagements


"Global bonds stop bleeding. Value of global bonds has gained $62.5bn after [--] consecutive week w/ losses following benign Chinese and US April inflation prints and a lower Dollar. The US yield curve did flatten to multiyear extremes"  
[X Link](https://x.com/Schuldensuehner/status/995212460012515328)  2018-05-12T08:01Z 340.2K followers, [--] engagements


"Barrons bullish for stocks citing financial engineering. Stock buybacks to hit fresh record of $650bn this yr. Offer investors effective yield of 3% calculated by dividing repurchases by $23tn mkt value of S&P500. Combine w/2% dividend yield investors should get 5% yld in 2018"  
[X Link](https://x.com/Schuldensuehner/status/995255059117113344)  2018-05-12T10:51Z 341.2K followers, [---] engagements


"Tesla's capital raising options are limited. An equity sale would dilute current holders a bond issue could involve prohibitive interest expenses while a convert may not be feasible (given the difficulties involved w/shorting TSLA shares) https://www.wsj.com/articles/teslas-fundraising-options-get-thornier-1526216400 https://www.wsj.com/articles/teslas-fundraising-options-get-thornier-1526216400"  
[X Link](https://x.com/Schuldensuehner/status/995787172706955269)  2018-05-13T22:05Z 340.3K followers, [--] engagements


"#Gold has broken below 200d MA as Dollar has strengthened expectations for US policy rate hikes have increased AND real yields have hit fresh 10y highs"  
[X Link](https://x.com/Schuldensuehner/status/997078683495092229)  2018-05-17T11:37Z 340.3K followers, [--] engagements


"Good morning from #Germany where it becomes cheaper by the day for the Germans to go on holiday in #Turkey (whether it is sensible is another matter). Turkish Lira has lost 19% vs the Euro this year is now 51% undervalued when measured by BigMac Index Purchasing Power Parity"  
[X Link](https://x.com/Schuldensuehner/status/999155651254390784)  2018-05-23T05:10Z 340.4K followers, [---] engagements


"#Euro keeps falling vs Swiss Franc in warp speed. Common curreny has dropped 3% in the past [--] trading days vs Franc. Speed could trigger an #SNB response"  
[X Link](https://x.com/Schuldensuehner/status/999242354858057728)  2018-05-23T10:55Z 340.2K followers, [--] engagements


"Wall St turned positive after minutes from the last Fed meeting suggested higher inflation may not result in faster interest rate hikes. US Rate hike expectations moderates a bit following minutes. https://reut.rs/2x6dZ19 https://reut.rs/2x6dZ19"  
[X Link](https://x.com/Schuldensuehner/status/999385799937462273)  2018-05-23T20:25Z 340.2K followers, [--] engagements


"Lira drops again as #Turkey's emergency rate hike seen as a temporary fix. Currency reverses gains to drop as much as 3.5%. http://sgq.io/Qkwl7N0 http://sgq.io/Qkwl7N0"  
[X Link](https://x.com/Schuldensuehner/status/999567276927062018)  2018-05-24T08:26Z 340.4K followers, [--] engagements


"Here's what #Turkey in crisis can learn from other central banks. #Ukraine's hike bought the country time to restructure its debt. https://www.bloomberg.com/news/articles/2018-05-25/here-s-what-turkey-in-crisis-can-learn-from-other-central-banks https://www.bloomberg.com/news/articles/2018-05-25/here-s-what-turkey-in-crisis-can-learn-from-other-central-banks"  
[X Link](https://x.com/Schuldensuehner/status/999916299001057282)  2018-05-25T07:33Z 340.4K followers, [--] engagements

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