Goodbye Bulls – Hello Bears

SHANGHAI – Germany is against the world’s major economies launching a fiscal stimulus package in the face of slowing global growth, its finance minister said Friday.

“Thinking about further stimulus just distracts from the real task at hand,” Wolfgang Schaeuble told a conference ahead of a G20 finance ministers meeting, adding that Berlin does “not agree on a G20 fiscal stimulus package”.

As reported in the Bangkok Post.

LUXEMBOURG-EU-ECONOMY-FINANCE
German Finance Minister Wolfgang Schaeuble – AFP PHOTO /JOHN THYS

 

Dear me – history doth repeat.

Cause – cut off money.

Effect – culling of bankers and bulls.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s