Ratters

German government bonds completely repriced today on the back of Merz's €500bn infrastructure fund and unlimited defence spending exempt from the usual constitutional limit on defence spending. From … (View Post)

Yep. Especially as Germany had far more headroom to spend more €/£/$ in debt sustainability terms than pretty much every other developed nation combined. People were expecting a special fund but this… (View Post)

On that front, it looks like Germany is going to essentially have no constitutional limit on deficit defence spending... https://www.politico.eu/article/germany-unveils-e500-billion-defense-plan-as-s… (View Post)

Also, Canada mostly exports raw materials to the US. Will it be painful, time consuming and costly to find new export markets? Sure. But will it eventually happen when Canada has a choice of every ot… (View Post)

The first state visit didn't happen until the summer of 2019. My working assumption is that Charles has a very busy schedule for the next 3.5 years. Unfortunately he is then unwell for a short period… (View Post)